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Philippines government looking into introducing a carbon tax

Published 16:07 on July 20, 2018  /  Last updated at 17:00 on July 20, 2018  /  Asia Pacific, Carbon Taxes, Other APAC  /  No Comments

The Philippines government is looking at whether to introduce a carbon tax in the country, holding an “exploratory” workshop on the subject this week.

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NZ Market: Price ceiling in sight as NZUs keep pushing higher

Published 10:40 on July 20, 2018  /  Last updated at 17:05 on July 20, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand emissions permits extended record high levels again on Friday, with some market participants questioning whether the rally might take prices up to the NZ$25 de-facto price ceiling or even beyond.

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BHP Billiton coal mine earns 239k carbon credits

Published 10:35 on July 20, 2018  /  Last updated at 17:07 on July 20, 2018  /  Asia Pacific, Australia  /  No Comments

A subsidiary of Australian mining major BHP Billiton this week received nearly 240,000 carbon credits for capturing and combusting methane emissions from one of its coal mines in New South Wales.

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Australia’s weak NEG target to push up power prices -report

Published 10:28 on July 20, 2018  /  Last updated at 17:03 on July 20, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s main argument to stick to a modest emissions target under the proposed National Energy Guarantee (NEG) is to avoid electricity price hikes, but wholesale power prices could be 25% cheaper by 2030 with a more ambitious goal, analysts said on Friday.

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NZ Market: Momentum pushes NZUs to yet another record high

Published 10:28 on July 19, 2018  /  Last updated at 10:32 on July 19, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances set an all-time high for the seventh time in a month on Thursday as bullish momentum continued to lead prices up.

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NZ Market: NZUs set yet another record as no end in sight for supply drought

Published 10:36 on July 18, 2018  /  Last updated at 14:02 on July 18, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose to record highs again on Wednesday.

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S&P Dow Jones launches equity indexes that weigh future carbon price risks

Published 20:04 on July 17, 2018  /  Last updated at 20:04 on July 17, 2018  /  Americas, Asia Pacific, Carbon Taxes, EMEA, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

Share index compiler S&P Dow Jones has launched a series of equity market indexes to measure the performance of companies against their valuation at risk from predicted 2030 carbon prices.

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NZ Market: NZ carbon prices extend record highs

Published 11:15 on July 17, 2018  /  Last updated at 11:15 on July 17, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose to fresh record highs on Tuesday as the lack of available supply in the market continued to push up prices.

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State minister says Australia’s NEG unacceptable in current version

Published 11:12 on July 17, 2018  /  Last updated at 11:12 on July 17, 2018  /  Asia Pacific, Australia  /  No Comments

ACT Climate Minister Shane Rattenbury has thrown fresh doubt on the Australian federal government’s ability to pass the proposed National Energy Guarantee (NEG), saying his state won’t sign up to the scheme unless its emission reduction ambition is raised.

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Experts suggest carbon border measures against US as EU, China move closer on climate

Published 22:49 on July 16, 2018  /  Last updated at 22:49 on July 16, 2018  /  Americas, Asia Pacific, Carbon Taxes, China, Climate Talks, EMEA, International, US  /  No Comments

The rest of the world should retaliate against the US’ escalating trade tariffs with carbon border adjustments rather than tit-for-tat countermeasures, according to researchers.

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