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Australian minister flags potential use of Asia-Pacific forest carbon credits

Published 12:03 on April 23, 2018  /  Last updated at 12:03 on April 23, 2018  /  Asia Pacific, Australia, International, Other APAC, REDD  /  No Comments

If Australia decides to open for using international carbon credits to meet its Paris target, forest offsets from the Asia-Pacific region might be among its target markets, according to Energy and Environment Minister Josh Frydenberg. Read More
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Australian offset issuance steady, but market supply stays limited

Published 12:07 on April 23, 2018  /  Last updated at 12:07 on April 23, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator handed out 222,554 carbon credits last week, but fewer than 7,000 went to projects not already under government contract. Read More
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Depoliticisation crucial to preserving cap-and-trade, safeguarding climate investments in Ontario

Published 16:08 on April 20, 2018  /  Last updated at 18:50 on April 21, 2018  /  Americas, Canada, US  /  No Comments

Ensuring that a change in the Ontario government this June will not lead to the province’s exit from the WCI carbon market will require separating the political elements of cap-and-trade from the pragmatic need to act on climate change, according to stakeholders. Read More
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When a carbon price of $100/t isn’t enough: California’s farming emissions dilemma

Published 16:47 on April 20, 2018  /  Last updated at 21:33 on April 20, 2018  /  Americas, Canada, US  /  No Comments

California faces many challenges in guaranteeing a carbon price to help livestock and dairy farmers struggling to cut emissions, despite having access to buyers willing to pay over $100/tonne for credits. Read More
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EU member states near 90% completion rate for 2018 free allowance allocations

Published 19:22 on April 20, 2018  /  Last updated at 20:24 on April 20, 2018  /  EMEA, EU ETS  /  No Comments

EU countries have now handed out nearly 90% of their allocations of free 2018 carbon allowances, data released late Friday showed. Read More
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EU Market: EUAs falter on weaker auction for a 6.4% weekly loss

Published 19:32 on April 20, 2018  /  Last updated at 20:33 on April 20, 2018  /  EMEA, EU ETS  /  No Comments

European carbon prices dropped heavily for the second straight session, as a weak auction and slumping power prices triggered selling in choppy trade. Read More
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Australian ministers agree to develop NEG policy package, but major issues remain unsolved

Published 09:41 on April 20, 2018  /  Last updated at 16:16 on April 20, 2018  /  Asia Pacific, Australia  /  No Comments

State energy ministers in Australia on Friday agreed to let the Energy Security Board (ESB) continue work on the country's National Energy Guarantee (NEG), which would introduce a carbon price signal in the electricity sector, but they remained concerned over the programme’s weak climate ambition. Read More
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California stakeholders disagree on post-2020 price tiers, supply measures

Published 02:50 on April 20, 2018  /  Last updated at 02:58 on April 20, 2018  /  Americas, Canada, US  /  No Comments

Stakeholder comments on potential updates and revisions to California’s cap-and-trade programme after 2020 have revealed a rift over the levels at which the state should set its various price tiers and how it should address overallocation in the scheme. Read More
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UPDATE - Lack of technical infrastructure hindering Ontario offset market investment, development

Published 19:16 on April 19, 2018  /  Last updated at 21:21 on April 20, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

A lack of technical infrastructure and guidance from the Ontario government regarding its compliance offset programme is holding up the first investment and project submissions, according to stakeholders. Read More
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NA Markets: RGGI advances on limited buying as WCI prices stagnate

Published 01:33 on April 20, 2018  /  Last updated at 03:34 on April 20, 2018  /  Americas, Canada, US  /  No Comments

North American carbon markets were relatively low-key this week, with east coast prices moving up 3% on a brief surge of buying interest, while WCI prices stagnated amid a lack of interest in outright futures. Read More