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SK Market: Korean CO2 auction clears below market amid low interest

Published 10:06 on June 12, 2019  /  Last updated at 10:06 on June 12, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea sold out all allowances on offer in Wednesday’s auction, but the sale cleared 1.3% below the secondary market as only five companies submitted bids.

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NZ Market: NZUs plunge below NZ$24 as demand evaporates

Published 09:45 on June 12, 2019  /  Last updated at 09:45 on June 12, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Wednesday fell below NZ$24 for the first time in 10 months as demand fell away and market participants warned of further downside ahead.

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Australia issues 222k carbon credits, revokes two projects

Published 11:53 on June 11, 2019  /  Last updated at 11:53 on June 11, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator on Tuesday issued almost 222,000 carbon credits, while two previously registered projects were revoked as they had failed to generate any offsets.

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Japan adopts climate strategy ahead of G20 meeting

Published 11:30 on June 11, 2019  /  Last updated at 11:30 on June 11, 2019  /  Asia Pacific, Japan  /  No Comments

Japan’s Cabinet on Tuesday approved the nation’s long-term climate strategy including a goal to go carbon neutral in the second half of the century, which it will present as it hosts the G20 this weekend.

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India outlines options for small-scale industry carbon market

Published 08:55 on June 11, 2019  /  Last updated at 09:00 on June 11, 2019  /  Asia Pacific, Other APAC  /  No Comments

India has decided to proceed with a voluntary carbon market for its small-scale industrial sector and has outlined options for what the programme might look like, while pausing plans to include the waste sector.

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Korean firms eye Myanmar mangrove CDM project

Published 11:55 on June 10, 2019  /  Last updated at 14:34 on June 15, 2019  /  Asia Pacific, International, Kyoto Mechanisms, Other APAC, South Korea  /  No Comments

South Korean state-owned power company KEPCO and trading firm Ecoeye are investing in a mangrove forest project in Myanmar that will be registered under the CDM and generate offsets eligible in the Korean emissions trading scheme.

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Western Australia EPA tries again on offset obligations

Published 10:45 on June 10, 2019  /  Last updated at 10:45 on June 10, 2019  /  Asia Pacific, Australia  /  No Comments

The Western Australia EPA on Monday began a new consultation round for its GHG guidelines, after being forced to withdraw a previous proposal that included an obligation for all major projects to offset their carbon emissions.

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Carbon pricing schemes grow in numbers, but still too few and too cheap to meet Paris goals -report

Published 04:52 on June 7, 2019  /  Last updated at 00:56 on June 8, 2019  /  Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, EMEA, EU ETS, International, Japan, New Zealand, Other APAC, South Korea, Switzerland, US  /  No Comments

The number of planned or implemented carbon pricing mechanisms worldwide has grown to 57, but without expanded coverage and higher prices they won’t be sufficient to help meet the temperature goals in the Paris Agreement, a World Bank report said Friday.

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Australia’s GHG emissions continue to rise on LNG boom

Published 10:10 on June 6, 2019  /  Last updated at 10:10 on June 6, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s greenhouse gas emissions rose again last year, according to new government data, as a massive increase in liquefied natural gas more than offset CO2e cuts from electricity generation and agriculture.

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NZ Market: New Zealand carbon extends losses as slump kicks in

Published 10:03 on June 6, 2019  /  Last updated at 22:37 on June 6, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell to a 10-month low in Thursday trade as lingering questions about the fixed price option has muted demand.

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