New Zealand cancels controversial annual ETS forestry charges for this year

Published 06:20 on June 14, 2024  /  Last updated at 07:50 on June 14, 2024  / Mark Tilly /  Asia Pacific, New Zealand

The New Zealand government has scrapped this year’s annual service charges for forestry under the emissions trading scheme.

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Korean investors still cautious on the voluntary carbon market amid insufficient policy guidance

Published 04:47 on June 14, 2024  /  Last updated at 04:47 on June 14, 2024  / Chia-Erh Kuo /  Asia Pacific, South Korea, Voluntary

Investors in South Korea remain cautious about making a foray into the international voluntary carbon market, given the absence of government guidance and slow trades of domestic emissions permits, an event heard this week.

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High number of ACCU projects claiming for the first time, regulator data shows

Published 04:42 on June 14, 2024  /  Last updated at 04:42 on June 14, 2024  / Mark Tilly /  Asia Pacific, Australia

Applications from projects looking to receive Australian Carbon Credit Units (ACCUs) totalled 4.3 million units at the end of the Q1, with many claiming for the first time, according to data published by the Clean Energy Regulator (CER) Friday.

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CP Daily: Thursday June 13, 2024

Published 03:29 on June 14, 2024  /  Last updated at 03:29 on June 14, 2024  / Carbon Pulse /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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US federal court rules Oregon county case against fossil fuel companies can proceed within the state

Published 02:49 on June 14, 2024  /  Last updated at 02:49 on June 14, 2024  / Joan Pinto /  Americas, US

A US federal district court sided with an Oregon county’s motion to hear its case against fossil fuel companies in a state court.

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Brazilian Senate committee approves national green hydrogen framework

Published 02:27 on June 14, 2024  /  Last updated at 02:27 on June 14, 2024  / Graham Gibson /  Americas, RINs & LCFS, South & Central

The Brazilian Senate’s Special Committee on Green Hydrogen advanced a bill Wednesday establishing a regulatory framework for energy sources that includes incentives designed to promote the nation’s industry.

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Major Canadian banks will continue to finance oil and gas as part of the energy transition

Published 01:58 on June 14, 2024  /  Last updated at 01:58 on June 14, 2024  / Allison Gacad /  Americas, Canada, Climate Talks

Canada’s five major banks are committed to serving their oil and gas clients towards long-term net zero goals, executives said before a parliamentary committee on Thursday, as elected officials questioned the specifics of the firms’ climate goals.

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WCI Markets: CCAs consolidate, WCAs upbeat post strong Q2 auction

Published 01:38 on June 14, 2024  /  Last updated at 01:38 on June 14, 2024  / Bijeta Lamichhane /  Americas, Canada, US

California Carbon Allowance (CCA) prices stabilised after last week’s price rout, while trade in Washington Carbon Allowances (WCAs) in the secondary market picked up after a strong second quarterly auction result.

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Australian telco announces move away from carbon credit use, increases emissions reduction targets

Published 01:21 on June 14, 2024  /  Last updated at 01:21 on June 14, 2024  / Mark Tilly /  Asia Pacific, Australia, International, Voluntary

Australia’s largest telecom company Telstra announced Friday it will no longer purchase carbon credits, choosing instead direct investments to reduce its emissions footprint as well as increasing its Scope 1 and 2 emissions reduction targets.

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Rise in US biofuels production could worsen air quality, particularly in disadvantaged communities -non-profit

Published 00:54 on June 14, 2024  /  Last updated at 00:54 on June 14, 2024  / Bijeta Lamichhane /  Americas, RINs & LCFS, US, Voluntary

Increasing support for US biofuels production – including renewable diesel (RD) and ethanol – as more sustainable alternatives to petroleum-based counterparts, overlook their impact on air quality, particularly in rural Midwestern communities, analysis by an environmental non-profit found.

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