EU, New Zealand agree to increase cooperation on emissions trading
The EU and New Zealand have agreed to strengthen their bilateral cooperation on emissions trading, their respective climate bosses announced on Monday.
Read MoreOffset purchases drop to new record low in Australia’s latest ERF auction
Australia’s Clean Energy Regulator achieved record low volumes in last week’s Emissions Reduction Fund (ERF) auction, the agency said Monday.
Read MoreCOP24: Australia faces heat if it deploys AAU plan to plug Paris emission gap
Australia is likely to face widespread international disapproval if it goes ahead with a plan identified by observers that involves using more than 300 million surplus units from the Kyoto Protocol era to help meet a massive shortfall in its Paris Agreement target.
Read MoreAustralia sees minor burst of offset project registrations ahead of ERF auction
Australia’s Clean Energy Regulator approved 18 new offset projects over the past week amid a minor rush by developers to qualify in time for the coming week’s Emissions Reduction Fund (ERF) auction.
Read MoreAustralian carbon market for industry likely to be short from day one, analysts find
A baseline-and-crediting scheme for industrial emitters under a ramped-up Safeguard Mechanism featuring targets in line with the Labor party’s climate target would be short from the outset, with demand rapidly increasing over the next decade, a report found Thursday.
Read MoreCOP24: Developers, NGOs spar over future role of CDM
The continuation of the CDM and its CER credits when the Paris Agreement takes effect in 2021 has emerged as a major point of contention in the early days of the UN climate summit in Poland, as developers and NGOs remain widely split on the issue.
Read MoreAustralia’s offset issuance remain below average with 71k handed out
Australia’s Clean Energy Regulator issued 71,012 carbon credits to six projects this week, more than last week’s low levels but still well below the average.
Read MoreAustralia’s GHG emissions rise to highest in seven years
Australia’s GHG emissions in FY2017-18 rose to their highest levels in seven years, driven by increased LNG production, mining, and manufacturing, according to government data released on Friday.
Read MoreLNG offset obligations could drive big carbon market in Western Australia
Should the state government in Western Australia decide to reinstate obligations for the LNG industry to offset its greenhouse gas emissions, that could drive demand for 15-60 million carbon credits each year, a report said Wednesday.
Read MoreAustralia’s offset issuance drops, highlighting supply concerns for Labor’s potential ETS
Australia’s Clean Energy Regulator this week issued just shy of 20,000 carbon credits – only a tenth of the recent weekly average – highlighting concerns over the market’s ability to meet a potential rise in demand under a strengthened Safeguard Mechanism.
Read More