AU Market: Integrity concerns, compliance shift sees ACCU spot prices converge
Generic and human-induced regeneration (HIR) Australian Carbon Credit Unit (ACCU) spot prices have converged in recent days, in part due to integrity concerns stemming from last week’s Nature study as well as the shift to a compliance market, according to traders and analysts.
Read MoreIntegrity Council approves three voluntary carbon programmes for CCP eligibility
Gold Standard, ACR, and Climate Action Reserve (CAR) have been given the green light by the governing board of the Integrity Council for Voluntary Carbon Markets (ICVCM), marking a step towards the labelling of credits issued via their methodologies with the Core Carbon Principles (CCP) stamp, while Verra, ART TREES, Social Carbon, and Isometric will be assessed by May at the latest.
Read MoreGlobal Carbon Council launches new voluntary CCS methodology for hard-to-abate sectors
The Global Carbon Council (GCC) launched Thursday its wide-ranging carbon capture and storage (CCS) methodology after completing a consultation process that started in November.
Read MoreGroups urge Australia govt to limit ministerial call-in powers in EPBC reforms
A number of stakeholders are urging the Australian government to rein in broad ministerial call-in powers being proposed under its reforms to the country’s environment and biodiversity protection laws.
Read MoreAustralia puts out shadow carbon price guidance for electricity market starting at A$66/t
Australia’s energy regulator has released draft guidance on its ‘value of emissions reduction’ (VER), which will act as a shadow carbon price to help guide regulatory policy decisions related to the National Electricity Market (NEM).
Read MoreAustralia’s Clean Energy Regulator expects ACCU issuance to reach 20 mln in 2024
The Clean Energy Regulator issued 17.2 million Australian Carbon Credit Units (ACCUs) in 2023, and expects this figure to rise to a record 20 mln in 2024, it said in its latest quarterly report, published Wednesday.
Read MoreBiodiversity credit developer, skin care firm team up for nature conserving body wash
An Australian biodiversity credit company has partnered with a local skin care product producer to launch a body wash and moisturiser set that will protect one square metre of a biologically rich area of coastal South Australia per unit sold, in what they hope will prove a use case for demand in the fledgling nature crediting market.
Read MoreAustralia Market Roundup: 1 mln ACCUs issued, industry body calls for sufficient budgetary funding
Australia’s Clean Energy Regulator has issued just over 1 million new Australian Carbon Credit Units (ACCUs), while an industry body calls for sufficient budget funding from the government to ensure reforms to the market are carried out.
Read MoreGlut of surplus voluntary carbon credits from big four standards hits almost 800 mln
The glut of available credits in the voluntary carbon market started to grow again in March to leave the surplus close to 800 million credits from across the big four standard bodies, according to Carbon Pulse VCM Portal data.
Read MoreCommonwealth’s carbon tax law model aims to help countries price polluters
The Commonwealth of Nations is looking to help member countries implement a carbon tax based on a model law designed to make it easy to administer, ensure a just transition, and reduce the impact on low-income and vulnerable groups.
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