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Business groups urge leaders to keep Australia’s NEG alive

Published 09:51 on April 18, 2018  /  Last updated at 01:33 on April 19, 2018  /  Asia Pacific, Australia  /  No Comments

A group of major Australia’s business groups and other organisations on Wednesday urged state leaders to not ditch the proposed National Energy Guarantee (NEG) at a crunch meeting later this week.

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Australia’s Labor embraces NEG changes, still opposes ‘weak’ CO2 target

Published 09:49 on April 17, 2018  /  Last updated at 19:34 on April 17, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s main opposition party on Tuesday embraced draft changes to the National Energy Guarantee (NEG) it said would make the policy work like an emission intensity trading scheme, but maintained that the government-set emission target and approach to state renewable goals were unacceptable.

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Australia govt won’t budge on key NEG elements

Published 09:37 on April 16, 2018  /  Last updated at 02:45 on April 17, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s federal government over the weekend issued a new discussion paper on the National Energy Guarantee (NEG), shrugging off massive criticism to stand firm on the scheme’s overall emissions ambition, its approach to state-based renewables targets, and the use of carbon offsets.

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Australia keeps up above-average ACCU issuance, but project registration halts

Published 10:58 on April 13, 2018  /  Last updated at 13:14 on April 13, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week handed out over 285,000 carbon credits, but no new offset projects sought registration despite the deadline for joining the next ERF auction being just a week away.

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Australia’s new NEG draft eases concerns ahead of crunch meeting

Published 10:03 on April 13, 2018  /  Last updated at 01:49 on April 14, 2018  /  Asia Pacific, Australia  /  No Comments

A new draft of Australia’s National Energy Guarantee (NEG) leaked this week addresses some technical concerns, but the federal government has yet to release an update on the more political issues of the scheme, such as its overall emissions target.

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Australian minister holds firm on NEG, eyes August deal

Published 10:46 on April 11, 2018  /  Last updated at 10:46 on April 11, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Environment and Energy Minister Josh Frydenberg wants the final rules of the National Energy Guarantee (NEG) agreed by August and legislated by the end of the year, he said Wednesday, showing little interest in compromising on issues that critics have identified as shortcomings of the scheme.

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Australia issues over 1 mln offsets, with landfill operator claiming most

Published 15:05 on April 9, 2018  /  Last updated at 08:49 on April 10, 2018  /  Asia Pacific, Australia  /  No Comments

Australia has issued nearly 1.1 million carbon credits over the past two weeks, with around 40% of them going to landfill operator LMS Energy, data from the Clean Energy Regulator showed.

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Australia’s NEG seen likely to make it past first hurdle

Published 11:38 on April 5, 2018  /  Last updated at 11:38 on April 5, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s proposed National Energy Guarantee (NEG) faces its first major test later this month when it will be put to state energy ministers, but expectations are growing that the policy will survive the meeting despite lingering concerns over what it is likely to achieve.

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Australian utility AGL attacks government plans to alter Safeguard Mechanism

Published 10:53 on March 29, 2018  /  Last updated at 18:37 on March 29, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s recent reform proposal for the Safeguard Mechanism is likely to drive up emissions from covered facilities, instead of increasing the burden on others to help the nation meet its climate obligations, according to generator AGL.

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Australia to pave way for fresh investments, revived boom in mining sector

Published 09:42 on March 28, 2018  /  Last updated at 09:42 on March 28, 2018  /  Asia Pacific, Australia  /  No Comments

Australia on Wednesday set up a task force that will review its mining sector and identify ways to secure fresh investments and maintain the nation’s position as a major exporter to large Asian economies.

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