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Australia renewables market sees record fresh supply levels as investments pay off

Published 12:34 on October 18, 2018  /  Last updated at 18:17 on October 18, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator last month accredited the highest levels of new renewable energy capacity since Apr. 2001, confirming the nation is all but certain to meet its 2020 large-scale Renewable Energy Target (RET).

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Major polluting projects could face mandatory offsetting under Australia’s Northern Territory’s new Aboriginal carbon plan

Published 13:38 on October 17, 2018  /  Last updated at 15:12 on October 17, 2018  /  Asia Pacific, Australia  /  No Comments

The Northern Territory government on Wednesday released a strategy for Aboriginal carbon farming that included exploring mandatory offsetting for big-emitting resource projects and a potential market for their co-benefits.

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Industry group asks Australia to make quick decision on foreign offsets

Published 10:11 on October 16, 2018  /  Last updated at 02:03 on October 17, 2018  /  Asia Pacific, Australia  /  No Comments

To ward off a potential offset shortage, Australia should speed up in deciding whether emitters can use foreign carbon credits to help meet domestic targets, an influential industry group has said.

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Chevron Australia urges protection against poor offset market liquidity

Published 11:58 on October 15, 2018  /  Last updated at 01:18 on October 16, 2018  /  Asia Pacific, Australia  /  No Comments

Australia should take steps to ensure that major emitters covered by the Safeguard Mechanism won’t face excessive penalty costs from high carbon prices stemming from poor liquidity in the offset market, oil major Chevron has told the Climate Change Authority (CCA).

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Australia offset issuance steady at 228k, with little new supply to secondary market

Published 10:27 on October 12, 2018  /  Last updated at 23:19 on October 12, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued 228,473 new carbon credits this week, with all recipients under contract with the Emissions Reduction Fund and leaving no fresh supply for the secondary market.

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Australian minister attacks industry for forming plans to tackle emissions

Published 08:24 on October 11, 2018  /  Last updated at 00:46 on October 17, 2018  /  Asia Pacific, Australia  /  No Comments

Australian Resources Minister Matt Canavan on Thursday attacked the energy sector over reports that major emitters are discussing amongst themselves how to regulate greenhouse gas emissions in the absence of a government policy.

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ACCU prices seen steady despite increased demand due to rising emissions

Published 12:27 on October 10, 2018  /  Last updated at 01:10 on October 11, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s rising emissions could add to carbon credit demand from emitters regulated by the Safeguard Mechanism, but a repeat of last year’s price spike is unlikely as the market is better prepared this year, according to an expert.

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Australia’s NT to see 40% emissions rise from major Inpex LNG project

Published 11:39 on October 8, 2018  /  Last updated at 23:50 on October 8, 2018  /  Asia Pacific, Australia  /  No Comments

When Japan-headquartered oil firm Inpex launches the two tranches of its Ichthys gas field this year and next, Australia’s Northern Territory will see its annual GHG emissions rise by over 40%, putting the nation further off track to meet its Paris Agreement obligations.

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Big forest projects push up Australia’s weekly offset issuance to 300k

Published 09:13 on October 5, 2018  /  Last updated at 09:13 on October 5, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator doled out 297,582 carbon credits this week as big issuances to some forest projects pushed volumes up above average levels.

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Australia sets CO2e cap for Shell’s Prelude floating LNG platform

Published 09:03 on October 1, 2018  /  Last updated at 22:07 on October 1, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has set an annual emissions cap for Shell’s Prelude project under the Safeguard Mechanism, but the world’s second-biggest floating LNG platform will still bump up the nation’s greenhouse gas emissions by nearly 3 MtCO2e annually.

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