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Offset purchases drop to new lows in Australia’s latest ERF auction

Published 01:47 on December 14, 2017  /  Last updated at 10:20 on December 14, 2017  /  Asia Pacific, Australia  /  No Comments

Australia bought 7.95 million offsets in last week’s Emissions Reduction Fund auction, the Clean Energy Regulator said Thursday, marking the lowest volume in any of the six auctions held so far.

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COMMENT: The Australian government is miscounting greenhouse emissions reductions

Published 01:35 on December 13, 2017  /  Last updated at 01:35 on December 13, 2017  /  Asia Pacific, Australia  /  No Comments

Research has found serious issues with Australia’s Emissions Reduction Fund, from giving unnecessary funds, to counting decade-old projects as new emissions “reductions”, writes Melbourne Law School researcher Tim Baxter.

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Australia to review major ERF offset methods amid integrity concerns

Published 10:10 on December 12, 2017  /  Last updated at 17:43 on December 12, 2017  /  Asia Pacific, Australia  /  No Comments

Australia on Tuesday announced it will review two offset methodologies that account for nearly half the carbon credits contracted by the government, and which were flagged as potentially problematic by the Climate Change Authority earlier this week.

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Global forest carbon finance falls 25% in 2016, report finds

Published 21:40 on December 11, 2017  /  Last updated at 21:40 on December 11, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, EMEA, International, Kyoto Mechanisms, New Zealand, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Global funding for efforts to store carbon in forests dropped 25% to $662.1 million in 2016, according to Ecosystem Marketplace’s annual report on the state of forest carbon finance.

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Australia’s “well-functioning” ERF at risk of under delivering, review finds

Published 10:20 on December 11, 2017  /  Last updated at 15:44 on December 11, 2017  /  Asia Pacific, Australia  /  No Comments

Australia’s Emissions Reduction Fund (ERF) is generally performing well but is at risk of delivering fewer emission cuts than anticipated, and the government should take action to limit that, a review by an independent advisory body has found.

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Auction puts lid on Australian carbon offset issuance

Published 09:59 on December 8, 2017  /  Last updated at 09:59 on December 8, 2017  /  Asia Pacific, Australia  /  No Comments

Offset issuance in Australia has slid to a near-halt so far this month as this week’s Emissions Reduction Fund (ERF) auction has taken centre stage.

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Australian airline launches first carbon neutral destination

Published 10:39 on December 5, 2017  /  Last updated at 14:34 on December 5, 2017  /  Asia Pacific, Australia, Aviation, Voluntary Market  /  No Comments

Australian airline QantasLink this week opened two new domestic routes for which it will offset all associated emissions through buying carbon credits generated from tree planting.

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Low volume, higher prices expected in Australia ERF auction

Published 09:58 on November 30, 2017  /  Last updated at 15:55 on November 30, 2017  /  Asia Pacific, Australia  /  No Comments

Low volumes are expected to be offered into Australia’s sixth Emissions Reduction Fund auction next week, likely leading to slightly higher prices than in the previous round, according to analysts.

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AGL subsidiary earns 100k carbon offsets from landfill sites

Published 10:38 on November 24, 2017  /  Last updated at 10:38 on November 24, 2017  /  Asia Pacific, Australia  /  No Comments

A subsidiary of AGL, one of Australia’s biggest power generators and its biggest CO2 emitter, this week received nearly 100,000 carbon credits for emission cuts at eight different landfill sites.

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Australian states vote to develop NEG details by April

Published 09:48 on November 24, 2017  /  Last updated at 18:35 on November 24, 2017  /  Asia Pacific, Australia  /  No Comments

Australian state energy ministers on Friday voted in favour of letting the Energy Security Board (ESB) develop draft details of the National Energy Guarantee (NEG) by next April, while ignoring other alternatives such as an emissions intensity trading scheme.

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