Private investment and low cost finance critical in supporting emerging nations’ net zero transitions -panel
Finance ministries’ roles in developing a robust policy framework to provide necessary incentives for the private sector to support net zero transitions, coupled with low cost lending, will play a crucial role in assisting emerging nations’ climate goals, experts emphasised at a panel discussion Tuesday.
Read MoreANALYSIS: Environmental, economic interests converge in US federal CBAM bills
Proposals for various forms of a US carbon border adjustment mechanism (CBAM) are bringing together environmentally focused and economically inclined politicians from opposite sides of the political spectrum, offering a rare glimmer of hope for bipartisan agreement against an increasingly contentious climate-oriented global trade backdrop.
Read MoreCarbon project developer, non-profit create tokenised ‘co-benefit unit’ to be attached to ACCU issuance
Australian Carbon Credit Units (ACCUs) issued to a project in Western Australia will be stapled to independently verified ‘co-benefit units’ tokenised on blockchain, according to its developers.
Read MoreAustralia to introduce bill to establish EPA, but defers crucial environmental law reforms
The Australian government will introduce legislation to establish national environmental protection and information bodies, but has split reforms that would strengthen laws underpinning them into a separate tranche.
Read MoreVCM Report: SBTi spark fizzles out by end of week, voluntary carbon prices little changed, liquidity thin
Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.
Read MoreFormer Xpansiv, ICAP carbon market stalwarts team up to launch new trading firm
Four voluntary carbon market professionals have teamed up to launch a new trading and advisory desk, they said Monday.
Read MoreActivist capital fund lobs merger bid at Australian carbon project developer
An Australian activist capital fund has launched a takeover bid for a local carbon project developer, it told the market, one of several investments it has made in the country’s carbon industry.
Read MoreAU Market: Vast sum of ACCU holdings leads ANZ to downgrade price forecast
The continued growth of Australian Carbon Credit Units (ACCUs) holdings by Safeguard entities and intermediaries has caused ANZ to downgrade its 12-month forecast price, but the bank noted there would still be some upside pressure.
Read MoreIncluding OECMs in Australia’s biodiversity targets could lead to “perverse outcomes”, study says
Australia’s plan to rely on Other Effective area-based Conservation Measures (OECMs) to meet its biodiversity protection targets could have troubling implications, a paper has said, as the government mulls making these areas eligible for biodiversity crediting.
Read MoreAustralia Market Roundup: Capacity Investment Scheme starts in Western Australia seeking 2 GWh of storage, ACCU issuance slumps
The Australian government is consulting on how to implement its Capacity Investment Scheme (CIS) in Western Australia, as observers react to its Future Made in Australia Act announcement.
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