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Australia badly lagging on climate ambition -report

Published 10:56 on June 12, 2018  /  Last updated at 21:43 on June 12, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Paris Agreement commitment is “grossly inadequate” and the target would have to be dramatically ramped up for the coal-reliant nation to do its fair share to keep climate change under control, a report found Tuesday.

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Undersubscribed South Korean carbon auction settles at discount

Published 11:30 on June 11, 2018  /  Last updated at 13:52 on June 11, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea’s June 1 CO2 permit auction sold 85% of the allowances on offer, settling at a 2% discount to the secondary market, according to a government official on Monday.

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Number of deregistered CDM projects doubles

Published 16:35 on June 8, 2018  /  Last updated at 16:35 on June 8, 2018  /  Africa, Asia Pacific, EMEA, International, Kyoto Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

The number of projects that have been deregistered from the CDM has doubled, according to UNFCCC data.

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Australia offset issuance level drops as auction takes attention

Published 10:39 on June 8, 2018  /  Last updated at 16:34 on June 8, 2018  /  Asia Pacific, Australia  /  No Comments

New offset issuances in Australia this week fell to 102,300 as most eyes were focused on the seventh Emissions Reduction Fund (ERF) auction, which closed Thursday.

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Qantas, GreenCollar Group team up on carbon, reef credits

Published 10:37 on June 8, 2018  /  Last updated at 16:41 on June 8, 2018  /  Asia Pacific, Australia, Voluntary Market  /  No Comments

Australian airline Qantas and carbon project developer GreenCollar Group have partnered up to generate and market credits from projects that cut greenhouse gas emissions and help the threatened Great Barrier Reef.

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SK Market: Korean carbon extends losses even as demand remains strong

Published 10:34 on June 8, 2018  /  Last updated at 16:53 on June 8, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 permits lost another 2.25% on Friday to hit their lowest levels since January, even as volumes remained far above average levels as emitters race to meet the June 30 compliance deadline.

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New Zealand moves to plug ETS deforestation loophole

Published 07:26 on June 8, 2018  /  Last updated at 07:26 on June 8, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand on Friday issued a public consultation paper aimed at improving the emissions trading scheme’s workability for forest-owners, plugging a loophole that has inadvertently encouraged foresters to avoid replanting for four years after harvest.

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BRIEFING – Purchase power: How companies use green certificates to boost their climate credentials

Published 19:42 on June 7, 2018  /  Last updated at 11:44 on June 8, 2018  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Voluntary Market  /  No Comments

A fast-rising number of companies worldwide are using green certificates as part of a strategy to help demonstrate their climate credentials, elevating their efforts to levels sometimes more ambitious than those required by governments under the Paris Agreement.

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SK Market: KAUs extend losses as swaps take edge off demand

Published 11:11 on June 7, 2018  /  Last updated at 19:02 on June 7, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances lost another 2% on Thursday as last week’s government auction and a large amount of swap deals have taken some of the edge off compliance demand, which has been estimated to be as high as 30 million.

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New Zealand begins consultation on zero-emission plan

Published 09:58 on June 7, 2018  /  Last updated at 18:40 on June 7, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand on Thursday launched a public consultation on how to achieve its ambition of net zero emissions by 2050, but revealed that the target might cover less than half of the country’s total GHG output.

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