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Western Australia keeps international credits in play in draft emissions policy

Published 10:50 on August 28, 2019  /  Last updated at 10:52 on August 28, 2019  /  Asia Pacific, Australia  /  No Comments

The Western Australian government on Wednesday set out a draft carbon emission policy for major resource projects based on an aspirational state target to hit net zero emissions by 2050, with the option to buy domestic or international offsets remaining on the table.

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Japan, World Bank target JCM offset scheme to pilot Paris Agreement carbon market

Published 14:45 on August 27, 2019  /  Last updated at 14:45 on August 27, 2019  /  Asia Pacific, International, Japan, New Market Mechanisms  /  No Comments

Japan and the World Bank have signed an MoU on the Joint Crediting Mechanism (JCM), aiming to use the offset programme to pilot the emerging international carbon market under the Paris Agreement.

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NZ Market: NZUs end week in vogue as they hit 2-mth high

Published 09:33 on August 23, 2019  /  Last updated at 09:33 on August 23, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances ended the week on a strong note, climbing 1% to hit their highest levels since late June on healthy demand.

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Woodside earns biggest share of Australia’s latest offset issuance

Published 09:29 on August 23, 2019  /  Last updated at 09:29 on August 23, 2019  /  Asia Pacific, Australia  /  No Comments

Oil and gas firm Woodside Burrup was the biggest recipient of new Australian carbon offsets this week, earning A$1.1 million worth of credits for a tree-planting project.

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NZ Market: NZUs hold steady above NZ$24 on fair demand

Published 09:05 on August 22, 2019  /  Last updated at 09:06 on August 22, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances are holding steady well above NZ$24 after the minor bull run earlier this month amid sound demand, although the contract has some way to go before it is back above the fixed price option level.

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CARBON FORWARD 2019 – EU renewable credit prices stumble ahead of France auction debut

Published 08:39 on August 22, 2019  /  Last updated at 11:20 on August 22, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Bavardage, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

**THIS IS A FREE ARTICLE** – The 4th annual Carbon Forward conference & training day features key insights from environmental markets experts.

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ADB warns of major hurdles for effective carbon pricing in Asia

Published 12:47 on August 21, 2019  /  Last updated at 12:47 on August 21, 2019  /  Asia Pacific, China, China's Pilot Markets, Other APAC  /  No Comments

Asia’s ability to deploy carbon pricing instruments to reduce its greenhouse gas emissions at a lower cost remains hamstrung by regulatory shortcomings and a lack of success in attracting private sector finance, according to an Asian Development Bank think-tank.

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Resources boom makes Australia world’s third-biggest exporter of fossil fuel CO2 -report

Published 03:41 on August 19, 2019  /  Last updated at 03:42 on August 19, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s massive and increasing fossil fuel industry has made it the world’s third-biggest exporter of carbon emissions, with its share set to rise further without new government policies, a report said Monday.

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Australian offset issuance drops, but ERF delivery holds steady

Published 09:28 on August 16, 2019  /  Last updated at 09:28 on August 16, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued just over 190,000 carbon credits this week, just a third of last week’s volume but close to the long-term average.

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California senator urges ARB to oppose Tropical Forest Standard

Published 23:51 on August 14, 2019  /  Last updated at 01:39 on August 15, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, Mexico, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

California regulator ARB should not endorse its Tropical Forest Standard (TFS) next month because sector-based REDD offsets lack environmental and social integrity and fail to address the root causes of deforestation, a state senator said, potentially opening a bicameral rift over the already divisive issue.

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