AU Market: ACCU price slumps over fresh integrity concerns as participants frustrated at lack of resolution
The Australian Carbon Credit Unit (ACCU) market faced a downturn Wednesday in the wake of a fresh study damning the integrity of human-induced regeneration (HIR) projects.
Read MoreAustralia introduces Net Zero Economic Authority bill, commits A$189 mln in funding
The Australian Labor government on Wednesday introduced legislation to set up the Net Zero Economic Authority (NZEA), which will oversee the country’s transition to net zero emissions, and has committed A$189 million ($123 mln) to its establishment.
Read MorePhase ACCUs out of Safeguard Mechanism, expand coverage to electricity sector, report urges
A report released Wednesday has called on the Australian government to strengthen the Safeguard Mechanism by expanding its coverage to the electricity sector, as well as to bar Australian Carbon Credit Units (ACCUs) from being used for compliances purposes.
Read MoreStudy raises fresh doubts on Australian human-induced regeneration projects
A peer-reviewed paper has cast further doubt on human-induced regeneration (HIR) projects in Australia, finding that a large portion of pre-2022 projects are non-additional, while highlighting the politically-charged nature of the country’s carbon market.
Read MoreSBTi has no plans to validate voluntary carbon credit use towards corporate emissions targets
The Science Based Targets initiative (SBTi) will not bow to pressure and validate the use of voluntary carbon credits to help a company achieve its emission targets, the body confirmed to Carbon Pulse Tuesday.
Read MoreVCM Report: Market pauses as ICAO delays approval of new standards, ICVCM wades through voluntary carbon methodologies
Trade in the voluntary carbon market stumbled last week under a cloud of uncertainty created by key organisations.
Read MoreCharity, carbon developer partner on nature-based solution to benefit children
An international charity organisation is partnering with an Australian project developer and advisory to develop nature-based carbon projects in the Asia Pacific, with a focus on benefitting children, it announced.
Read MoreCivil society groups sign activist investor letter urging gas giant shareholders to vote on climate
Activist shareholder group Market Forces has called on retirement fund AustralianSuper to put heat on Woodside Energy’s development plans at its April annual general meeting to be held in Perth.
Read MoreInvestors seek certainty on Australian fossil fuel phase out, resilience and adaptation plans, survey finds
While sentiment and confidence in Australia has improved thanks to significant climate policy progress, investors are waiting on the government to provide clear timelines on phasing out fossil fuels, a survey has found.
Read MoreWater overlooked in voluntary sector but market potential tops 1.6 bln carbon credits a year, finds report
The total global potential for voluntary carbon credits generated from water-related projects could top 1.6 billion tonnes of CO2 a year, but the sector has been overlooked by project developers and investors, partly because of a lack of methodologies, finds a new report.
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