ASX is offering carbon futures
Australia’s carbon market paradox
Investor enthusiasm for the market is growing despite serious concerns over the integrity of credits
The Australian Securities Exchange (ASX) has recently unveiled plans to list three new carbon futures contracts. The stock market operator sees the country’s broader energy transition, under which it aims to reach net-zero emissions by 2050, as a major investment opportunity. The ASX is not alone in its upbeat assessment, with several financial services providers moving to launch new carbon-based offerings in the past few months. In July, investment group Jarden launched the CommTrade online carbon credit marketplace in Australia. Two months earlier, carbon credit insurer Oka, carbon solutions platform Clima and insurance broker PSC Paragon (Australia) revealed they had teamed up to offer in
Also in this section
17 September 2024
North Sea storage facility verified as safe to proceed after successful pilot phase
9 September 2024
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
2 September 2024
Recently finalised investment tax credits have brought much-needed clarity for Canadian CCS developers, but carbon price uncertainty remains a concern
29 August 2024
Use of captured carbon to make synthetic fuels merits more attention from investors and policymakers
