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Australian offset issuance grounds to near halt

Published 09:04 on February 15, 2019  /  Last updated at 09:04 on February 15, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued fewer than 10,000 new carbon credits this week, as most projects seeking to earn credits in time for the Safeguard mechanism compliance deadline have done so over the past two months.

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Departing boss of Australia’s CMI to join carbon offset firm

Published 09:41 on February 13, 2019  /  Last updated at 01:53 on February 14, 2019  /  Asia Pacific, Australia, Bavardage  /  No Comments

The departing CEO of Australia’s Carbon Market Institute (CMI) business association will join an offset specialist firm in his new role.

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World Bank carbon fund inks first REDD payment deals

Published 19:06 on February 12, 2019  /  Last updated at 20:46 on February 12, 2019  /  Africa, Americas, Australia, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Two African nations will receive over $100 million for protecting some of their forests under the World Bank’s Forest Carbon Partnership Facility (FCPF), the agency announced on Tuesday, jump-starting the first REDD payouts from the facility’s Carbon Fund since it launched at the beginning of the decade.

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Australia’s weekly offset issuance drops below 50k

Published 09:41 on February 8, 2019  /  Last updated at 09:41 on February 8, 2019  /  Asia Pacific, Australia  /  No Comments

After a flying start to the year, offset issuance by Australia’s Clean Energy Regulator this week fell back considerably to below 50,000.

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Australia’s chief scientific body urges discounting for big chunk of ERF-bound offsets

Published 10:07 on February 6, 2019  /  Last updated at 22:29 on February 6, 2019  /  Asia Pacific, Australia  /  No Comments

Offset crediting from projects set to deliver nearly 100 million carbon credits to the Australian government should be subject to discounts due to doubts about their environmental integrity, according to the nation’s top scientific body CSIRO and the New South Wales state government.

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Australian carbon industry group parts ways with CEO

Published 09:25 on February 1, 2019  /  Last updated at 09:25 on February 1, 2019  /  Asia Pacific, Australia, Bavardage  /  No Comments

The CEO of Australia’s Carbon Market Institute has left the business association after six years to pursue other opportunities.

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Australia issues 345k ACCUs in high-supply start to year

Published 09:22 on February 1, 2019  /  Last updated at 17:18 on February 1, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week issued nearly 345,000 carbon credits, taking the total number issued in the first month of the year to a sixth of the entire amount issued for all of FY2017-18.

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Australia issues 1.86 mln offsets to ease concerns over Safeguard supply shortfall

Published 09:57 on January 25, 2019  /  Last updated at 23:07 on January 25, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has issued 1.86 million new carbon credits, it said Friday, adding supply to the market ahead of next month’s annual compliance deadline for Safeguard Mechanism entities.

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Australian business group floats options for baseline-and-credit scheme

Published 09:55 on January 22, 2019  /  Last updated at 23:57 on January 22, 2019  /  Asia Pacific, Australia  /  No Comments

Business group Carbon Market Institute on Tuesday outlined a strategy with options for how Australia can transition the Safeguard Mechanism into a carbon trading programme, just weeks before the opposition Labor party is expected to present a similar plan ahead of May elections.

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Australia reduces emissions projections, but remains far off track for Paris target

Published 00:29 on December 21, 2018  /  Last updated at 01:31 on December 22, 2018  /  Asia Pacific, Australia  /  No Comments

Australia on Friday released its annual emissions forecast to 2030, adjusting downwards expected GHG output over the next decade but still expecting to massively miss its Paris Agreement target.

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