Australia deepens details on NEG but refuses to budge on key issues
The Australian federal government and the Energy Security Board (ESB) on Friday provided fresh details on the country’s proposed National Energy Guarantee (NEG) but refused to discuss the scheme’s overall emissions ambition, which may lead to its ultimate demise.
Read MoreSecondary market drives up ERF auction price in Australia as volumes hit new low
The Australian government bought its lowest volume of offsets yet at last week’s seventh Emissions Reduction Fund (ERF) auction, purchasing just 6.67 million units.
Read MoreAustralia badly lagging on climate ambition -report
Australia’s Paris Agreement commitment is “grossly inadequate” and the target would have to be dramatically ramped up for the coal-reliant nation to do its fair share to keep climate change under control, a report found Tuesday.
Read MoreAustralia offset issuance level drops as auction takes attention
New offset issuances in Australia this week fell to 102,300 as most eyes were focused on the seventh Emissions Reduction Fund (ERF) auction, which closed Thursday.
Read MoreQantas, GreenCollar Group team up on carbon, reef credits
Australian airline Qantas and carbon project developer GreenCollar Group have partnered up to generate and market credits from projects that cut greenhouse gas emissions and help the threatened Great Barrier Reef.
Read MoreAustralia cancels contracts for 1.7 mln carbon credits
Australia’s Clean Energy Regulator has cancelled two contracts for delivery of a total 1.67 million carbon credits to its Emissions Reduction Fund.
Read MoreAustralia gives late wave of approvals to projects ahead of offset auction
Australia’s Clean Energy Regulator has approved 42 new carbon credit projects over the past two weeks that are now cleared to participate in next week’s ERF auction, potentially tightening competition among bidders.
Read MoreAnalysts see price upside in Australia’s next ERF auction despite spending cuts
Sophisticated developers might achieve as much as 20% above the average price in next week’s Emissions Reduction Fund (ERF) auction, experts said, even as the Clean Energy Regulator has announced it will spend less than in previous sales.
Read MoreAustralia issues 445k fresh offsets, with Terra Carbon, Country Carbon earning biggest shares
Australia’s Clean Energy Regulator this week maintained its recent high level of offset issuances, handing out 445,065 carbon credits to 21 projects.
Read MoreFlexibility options weigh on regulator as it carves out details on Australia’s NEG
Australia’s Energy Security Board backs a limit of around 10% on banking emissions over-achievement under the proposed National Energy Guarantee (NEG), but it has posed a number of questions regarding the use of flexibility options to stakeholders while leaving the use of offsets up to the government.
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