Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and international carbon markets for the period 11-15 Mar 2024.
A briefing to industry from the Department of Climate Change, Energy, the Environment and Water (DCCEEW) suggests the development of the long-awaited Integrated Farm and Land Management (IFLM) method will be paused, citing difficulty in demonstrating evidence to the new Emissions Reduction Assurance Committee (ERAC) of the environmental benefits of regeneration activities in areas not previously cleared. DCCEEW proposes the development of a new Landscape Restoration Method (LRM), which is expected to considerably tighten grazing activities covered by the former Human Induced Regeneration (HIR) method. In this update we deep dive into the possible changes put forward by DCCEEW and discuss the potential implications on supply and pricing dynamics.
RepuTex’s Carbon Weekly report analyses recent activity in the Australian and international voluntary carbon markets, including our ACCU spot price assessment by method, spreads, forward activity, traded volumes, and key market developments. Analysis considers the Australian market along with international registries including Verra, Gold Standard, the American Carbon Registry, and the Climate Action Reserve.
New IFLM method development expected to be paused, regeneration activities tightened
A briefing
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