Asia Pacific « Carbon Pulse
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Businesses pile pressure on Australian states to fall in line on NEG

Published 11:13 on August 7, 2018  /  Last updated at 11:13 on August 7, 2018  /  Asia Pacific, Australia  /  No Comments

More than 20 businesses and industry groups on Tuesday called on Australian state governments to back the National Energy Guarantee (NEG) at Friday’s crucial meeting, urging the administrations to treat the issue of the scheme’s emissions target separately.

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Australian states dig in against NEG ahead of crucial vote

Published 11:28 on August 6, 2018  /  Last updated at 11:28 on August 6, 2018  /  Asia Pacific, Australia  /  No Comments

Three Australian state governments on Monday refused to commit to backing the National Energy Guarantee (NEG) proposal ahead of this week’s crunch meeting, even as federal Environment and Energy Minister Josh Frydenberg accused them of “politicking and posturing”.

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Queensland govt to buy aboriginal carbon credits to offset vehicle emissions

Published 10:30 on August 3, 2018  /  Last updated at 19:31 on August 3, 2018  /  Asia Pacific, Australia  /  No Comments

The Queensland state government has commissioned two carbon market service companies to acquire 115,000 Australian Carbon Credit Units (ACCUs) from aboriginal-run projects to offset greenhouse gas emissions from its vehicle fleet.

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Australian states team up against feds ahead of crucial NEG talks

Published 14:16 on August 2, 2018  /  Last updated at 21:28 on August 2, 2018  /  Asia Pacific, Australia  /  No Comments

The governments of ACT, Queensland, and Victoria are preparing a list of demands for federal Environment and Energy Minister Josh Frydenberg ahead of next week’s crunch meeting on the future of the proposed National Energy Guarantee (NEG).

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Rise of international compliance markets will still accommodate voluntary carbon offsets -experts

Published 00:50 on August 1, 2018  /  Last updated at 01:58 on August 1, 2018  /  Africa, Americas, Asia Pacific, Aviation, Carbon Taxes, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, Voluntary Market  /  No Comments

Several opportunities will still exist for voluntary market participants to develop and sell offsets over the next decade as more global compliance mechanisms come online, according to experts.

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Australian govt advisors to scrutinise Safeguard Mechanism in new review

Published 12:19 on July 31, 2018  /  Last updated at 02:08 on August 1, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Climate Change Authority (CCA) on Tuesday launched a review of the country’s Safeguard Mechanism, questioning whether the policy contributes to reducing GHG emissions and putting the spotlight on issues such as double-counting.

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SK Market: Korea ETS sees sporadic trade, softer prices as remaining emitters chase compliance permits

Published 12:12 on July 31, 2018  /  Last updated at 02:21 on August 1, 2018  /  Asia Pacific, South Korea  /  No Comments

Korean 2017 allowances fell slightly on Tuesday but held above $20 as a few companies that are yet to surrender permits for last year dipped into the market to pick up a modest 57,000 KAUs.

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NZ Market: NZUs see third day of minor corrections as bull run over for now

Published 10:33 on July 30, 2018  /  Last updated at 12:47 on July 30, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances saw a third consecutive session of minor losses on Monday, putting an end to the recent bull run that saw spot allowances set a remarkable eleven records in just over a month.

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Woodside, Terra Carbon among beneficiaries in latest Australian carbon offset issuance

Published 11:13 on July 27, 2018  /  Last updated at 11:13 on July 27, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week handed just over 404,000 carbon credits to 14 projects under the national emissions offset programme, taking the total issuances so far this year past 9 million.

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Australia readies Safeguard Mechanism changes that will increase carbon emissions

Published 10:26 on July 27, 2018  /  Last updated at 10:26 on July 27, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Department of the Environment and Energy issued a consultation paper late Friday regarding a series of changes to its Safeguard Mechanism that would allow higher CO2 emissions from the nation’s largest facilities.

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