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Australia broadens method to generate offsets from animal manure

Published 10:42 on March 15, 2019  /  Last updated at 10:42 on March 15, 2019  /  Asia Pacific, Australia  /  No Comments

Australia on Friday released a new draft method to broaden and simplify generation of carbon offsets from animal effluent.

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Australia loosens CO2 caps for coal mining companies

Published 10:17 on March 15, 2019  /  Last updated at 10:17 on March 15, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has raised CO2 emission caps for three coal mining companies, data released this week showed, including a 64% increase for Anglo Coal’s Moranbah North mine.

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Minister gives clearest indication yet that NZ govt wants agriculture in ETS

Published 04:50 on March 15, 2019  /  Last updated at 09:57 on March 15, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand Finance Minister Grant Robertson on Friday said the government will bring the nation’s biggest-emitting sector into its ETS, causing NZU prices to jump to a new four-month high.

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Western Australia EPA withdraws carbon offset recommendations

Published 23:27 on March 14, 2019  /  Last updated at 23:27 on March 14, 2019  /  Asia Pacific, Australia  /  No Comments

The Environmental Protection Authority in western Australia has withdrawn recommendations that new big-emitting projects in the state should offset their carbon emissions.

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Offset use in Australia’s Safeguard Mechanism drops 42% despite rising emissions

Published 05:06 on March 14, 2019  /  Last updated at 12:02 on March 14, 2019  /  Asia Pacific, Australia  /  No Comments

Facilities covered by Australia’s Safeguard Mechanism used 42% fewer offsets to meet their emissions target in FY2017-18 compared to the previous year despite rising emissions, as the few companies missing their targets explored other options to comply.

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Major NZ emitters set up joint firm to build carbon portfolio

Published 03:13 on March 14, 2019  /  Last updated at 08:58 on March 14, 2019  /  Asia Pacific, New Zealand  /  No Comments

Four major GHG emitters have teamed up to establish a joint company that will build up a forestry-based carbon portfolio to help meet their obligations under New Zealand’s emissions trading scheme.

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First soil carbon credits could unlock millions of offset supply in Australia

Published 01:18 on March 14, 2019  /  Last updated at 08:55 on March 14, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator on Thursday issued offsets to a soil carbon project, a global first that could unlock millions more carbon credits from the country’s project pipeline..

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NZ Market: NZUs extend gains, close in on record high

Published 09:57 on March 13, 2019  /  Last updated at 00:23 on March 14, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits gained another 0.4% in Wednesday trade to hit a 4-month high, approaching the market’s all-time record level.

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SK Market: Bid limit stops Korean auction from selling out

Published 09:21 on March 13, 2019  /  Last updated at 21:46 on March 13, 2019  /  Asia Pacific, South Korea  /  No Comments

Over a quarter of the allowances on offer at Wednesday’s South Korean CO2 auction went unsold due to the tighter bid limits introduced last week.

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NZ Market: NZUs rise to 1-month high on healthy demand

Published 09:05 on March 12, 2019  /  Last updated at 09:05 on March 12, 2019  /  Asia Pacific, New Zealand  /  No Comments

Interest in New Zealand carbon allowances flared up on Tuesday, pushing the spot contract up 15 cents to close at its highest level in a month.

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