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Australian ministers agree energy reform package but federal govt stalls on clean energy target

Published 08:42 on July 14, 2017  /  Last updated at 10:13 on July 14, 2017  /  Asia Pacific, Australia  /  No Comments

Federal and state energy ministers in Australia on Friday agreed on 49 of 50 recommendations made in the Finkel review to reform the national energy market, but failed to reach a deal to set a clean energy target.

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NZ Market: NZUs rise for seventh straight day

Published 11:26 on July 13, 2017  /  Last updated at 00:04 on July 14, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits on Thursday saw a seventh consecutive day of gains as demand remains firm despite ongoing political uncertainty.

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Australian states say they could go it alone on clean energy target

Published 09:22 on July 13, 2017  /  Last updated at 00:00 on July 14, 2017  /  Asia Pacific, Australia  /  No Comments

Several Australian state governments could move ahead with clean energy targets to cut carbon emissions from electricity generation if the federal government fails to act.

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COMMENT: The electricity sector needs to cut carbon by 45% by 2030 to keep Australia on track

Published 13:52 on July 12, 2017  /  Last updated at 00:52 on July 13, 2017  /  Asia Pacific, Australia  /  No Comments

Australia’s electricity sector needs to deliver a much greater cut than the 28% emissions reduction modelled in the Finkel Review if the country is to meet its overall climate target for 2030, writes ClimateWorks’ Amandine Denis.

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Australia’s AGL backs extension of crediting period for landfill gas projects

Published 11:59 on July 12, 2017  /  Last updated at 14:32 on July 12, 2017  /  Asia Pacific, Australia  /  No Comments

Australian utility AGL might shut down a number of projects that capture and burn methane emissions from landfills if they were to become ineligible to earn carbon credits, the company has told the Clean Energy Regulator.

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NZ Market: NZUs climb to 4-month high amid choppy supply

Published 11:55 on July 11, 2017  /  Last updated at 14:49 on July 11, 2017  /  Asia Pacific, New Zealand  /  No Comments

Steady demand for the limited supply available pushed New Zealand carbon allowances to a four-month high on Tuesday, as some buyers were willing to pay more for bigger clips.

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Permit extension casts doubt over South Korea plans to limit coal, CO2

Published 10:58 on July 11, 2017  /  Last updated at 15:18 on July 11, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korea has extended the construction period for two coal-fired power plant units, sowing doubt over new President Moon Jae-in’s intention to halt new coal plants while potentially adding tens of millions of tonnes of CO2 to the country’s emissions output.

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Audit finds Australia lacks transparency on ERF

Published 11:37 on July 10, 2017  /  Last updated at 15:14 on July 10, 2017  /  Asia Pacific, Australia  /  No Comments

The Australian government lacks transparency over how it projects emission cuts from its Emissions Reduction Fund (ERF) and should improve the flow of information from its key climate policy mechanism, the National Audit Office said.

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Vietnam ministry to introduce carbon tax proposal, raising questions over existing trading plans

Published 11:11 on July 10, 2017  /  Last updated at 11:11 on July 10, 2017  /  Asia Pacific, Carbon Taxes, Other APAC  /  No Comments

Vietnam’s Ministry of Planning and Investment (MPI), in co-operation with the UNDP, is launching a project to determine how best to apply a tax or fee on the nation’s rapidly increasing carbon emissions, despite other ministries working on developing a carbon trading mechanism for the country.

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G20 isolates Trump on climate, shies away from carbon pricing pledges

Published 19:41 on July 8, 2017  /  Last updated at 09:26 on July 10, 2017  /  Americas, Asia Pacific, Climate Talks, EMEA, International, New Market Mechanisms, US  /  No Comments

Nineteen of the G20 major economies on Saturday endorsed a climate action plan while declaring the 2015 Paris Agreement irreversible, isolating the US and rebuffing President Trump’s efforts to renegotiate the pact.

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