AU Market: ACCU prices trend lower as market enters summer doldrums

Published 07:05 on December 23, 2024  /  Last updated at 07:05 on December 23, 2024  / /  Asia Pacific, Australia

Australian carbon prices have softened in recent days as the market enters into its Christmas lull.

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Leadership reshuffle at Australia’s largest soil carbon project developer

Published 00:43 on December 23, 2024  /  Last updated at 00:43 on December 23, 2024  / /  Asia Pacific, Australia, Bavardage

The managing director of Australia’s largest soil carbon project developer has become chair, with the company’s general manager stepping into fill his place.

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Second Trump presidency forces Australia to push back 2035 NDC advice -Climate Change Authority

Published 00:06 on December 23, 2024  /  Last updated at 00:06 on December 23, 2024  / /  Asia Pacific, Australia, International

The election of US President Donald Trump means Australia’s Climate Change Authority (CCA) will delay its advice on the country’s 2035 climate target in order to conduct further analysis, according to local media.

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Australia’s large miners push back against SBTi Scope 3 emissions cuts

Published 07:41 on December 20, 2024  /  Last updated at 07:41 on December 20, 2024  / /  Asia Pacific, Australia, Voluntary

A group of the largest miners working in Australia have “warmly welcomed” the Science-based Target initiative’s (SBTi) discussion paper on Scope 3 emissions, but said the idea of up to a 50% cut in Scope 3 emissions by next decade would not be possible.

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Australian landfill gas ACCU project developer forms JV to build new assets

Published 00:26 on December 20, 2024  /  Last updated at 00:26 on December 20, 2024  / /  Asia Pacific, Australia

A waste company has partnered with one of Australia’s biggest landfill gas carbon credit project developers to form a joint venture to develop assets in New South Wales.

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Australia approves four more coal mine life extensions

Published 13:43 on December 19, 2024  /  Last updated at 13:43 on December 19, 2024  / /  Asia Pacific, Australia

Australia on Thursday approved life extensions for four more coal mines, to condemnation from environmental groups.

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Australian oversight body consults on coal mine waste gas method

Published 00:47 on December 19, 2024  /  Last updated at 00:47 on December 19, 2024  / /  Asia Pacific, Australia

Australia’s carbon market oversight body has launched a consultation on whether the coal mine waste gas method still meets its offset integrity standards (OIS) and whether it should be remade when it is due to expire in March next year.

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Australia Market Roundup: Gas companies secure offshore CCS assessment permits, regulator mints 500k ACCUs

Published 08:19 on December 18, 2024  /  Last updated at 08:19 on December 18, 2024  / /  Asia Pacific, Australia

Several Australian companies were awarded offshore GHG assessment permits Wednesday as part of the process to potentially begin work on offshore carbon capture and storage (CCS) projects.  

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Start date for Australian low-emissions smelter pushed back by a year

Published 10:01 on December 17, 2024  /  Last updated at 10:01 on December 17, 2024  / /  Asia Pacific, Australia

The start date for what is to be Australia’s largest electric smelter furnace to make clean iron has been pushed back by a year and will initially use natural gas for power rather than renewable energy as originally intended.

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Australian oversight body bars new beef herd management project applications over method integrity concerns

Published 05:35 on December 17, 2024  /  Last updated at 05:35 on December 17, 2024  / /  Asia Pacific, Australia

Australia’s Emissions Reduction Assurance Committee (ERAC) on Tuesday ordered applications for new projects under the beef herd management method be suspended amid integrity issues.

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