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Industry group backs offsets as part of Australia’s energy solution

Published 09:27 on September 15, 2017  /  Last updated at 17:58 on September 15, 2017  /  Asia Pacific, Australia  /  No Comments

If Australia is going to continue its reliance on coal, it should mandate coal-fired generators to buy carbon offsets to keep the nation on track to meeting its Paris targets, an industry group said Friday.

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Companies need 3-5 years to bed in climate risk disclosures, laws ultimately needed -FSB Task Force

Published 14:59 on September 14, 2017  /  Last updated at 14:59 on September 14, 2017  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Voluntary Market  /  No Comments

Companies will need three-to-five years to refine how they disclose their climate risks in their mainstream financial reporting, but the voluntary practice will eventually need to be made mandatory, according to a key advisor to the Task Force on Climate-Related Financial Disclosures (TCFD).

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NZ Market: NZUs soften as election outcome becomes hard to call

Published 10:36 on September 14, 2017  /  Last updated at 20:31 on September 14, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits closed slightly weaker on Thursday as next week’s hard-to-call election has injected some caution into the market.

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Australia PM pulled both ways on clean energy, carbon price

Published 10:32 on September 14, 2017  /  Last updated at 20:48 on September 14, 2017  /  Asia Pacific, Australia  /  No Comments

Australia’s ex-Prime Minister Tony Abbott on Thursday piled more pressure on current PM Malcolm Turnbull to move away from a clean energy target to more coal, as yet another mining firm came out in favour of carbon pricing.

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EU Parliament votes to put CORSIA aviation offset scheme under closer watch

Published 12:04 on September 13, 2017  /  Last updated at 12:04 on September 13, 2017  /  Americas, Asia Pacific, Aviation, China, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Switzerland, US  /  No Comments

The European Parliament on Wednesday voted to extend the suspension of extra-European flights from the EU ETS, but called for a review of the UN’s CORSIA scheme that could see those routes become regulated under the bloc’s carbon market again in the future.

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Australia set to turn back on Clean Energy Target, go for coal

Published 11:35 on September 13, 2017  /  Last updated at 02:22 on September 14, 2017  /  Asia Pacific, Australia  /  No Comments

Amid threats of a party revolt, Australian Prime Minister Malcolm Turnbull looks set to reject a proposed Clean Energy Target and opt instead for a mechanism more focused on coal.

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BRICS seen backtracking on Paris commitments as responses emerge to Trump pull-out

Published 10:45 on September 13, 2017  /  Last updated at 23:16 on September 13, 2017  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, US  /  No Comments

BRICS nations are showing signs of wanting to delay their commitments under the Paris Agreement, a former US climate negotiator said Wednesday, sparking concerns that the biggest developing countries could be backtracking on their pledges in response to the US pulling out of the 2015 pact.

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ENERGY AND MINES: How is carbon shaping energy for mines?

Published 20:23 on September 12, 2017  /  Last updated at 20:23 on September 12, 2017  /  Americas, Asia Pacific, Canada, Carbon Taxes, China, Conversations, EMEA, International, US, Views  /  No Comments

With insights from mining leaders at Fortescue Metals Group, Gold Fields, Teck Resources, and Avalon Advanced Materials, this article looks at how carbon is driving new energy choices for the global mining sector.

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Companies expand on internal carbon pricing, still fall short -study

Published 18:50 on September 12, 2017  /  Last updated at 22:37 on September 12, 2017  /  Americas, Asia Pacific, EMEA, International, Voluntary Market  /  No Comments

Large companies are expanding use of internal carbon pricing to reduce their carbon footprints, but these efforts still fall short of what experts suggest is needed.

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NZ Market: NZUs climb back to year-highs as momentum picks up

Published 12:25 on September 11, 2017  /  Last updated at 18:32 on September 11, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Monday rose 10 cents, climbing back towards their highest levels of 2017 seen earlier this month, as bullish sentiment lingers ahead of the general election.

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