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Australia could hit net zero emissions in 2050 and profit from it -report

Published 10:59 on June 18, 2019  /  Last updated at 11:03 on June 18, 2019  /  Asia Pacific, Australia  /  No Comments

Australia could reduce its greenhouse gas emissions to net zero in 2050 and be carbon negative a decade later, all while profiting from efforts including collecting revenue from selling several hundred million carbon credits from land-based projects, a report has found.

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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Published 14:08 on June 14, 2019  /  Last updated at 21:51 on June 14, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.

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Australia offset issuance balloons as end of financial year nears

Published 09:44 on June 14, 2019  /  Last updated at 11:08 on June 14, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has awarded over 770,000 carbon credits in the past three days as a growing number of project owners seek to get their issuances before the June 30 end of the financial year.

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Queensland gives final go-ahead for Adani’s massive Carmichael coal mine

Published 09:23 on June 13, 2019  /  Last updated at 09:23 on June 13, 2019  /  Asia Pacific, Australia  /  No Comments

Queensland on Thursday approved Adani’s groundwater plan for its Carmichael mine, the final approval required to begin construction at what will become one of Australia’s biggest coal mines.

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Australia proposes changes to controversial carbon credit rules for coal power plants

Published 14:23 on June 12, 2019  /  Last updated at 17:01 on June 12, 2019  /  Asia Pacific, Australia  /  No Comments

Australia has launched a review of offset rules that might allow for awarding carbon credits to even its dirtiest ageing coal-fired power plants.

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Australia issues 222k carbon credits, revokes two projects

Published 11:53 on June 11, 2019  /  Last updated at 11:53 on June 11, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator on Tuesday issued almost 222,000 carbon credits, while two previously registered projects were revoked as they had failed to generate any offsets.

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Western Australia EPA tries again on offset obligations

Published 10:45 on June 10, 2019  /  Last updated at 10:45 on June 10, 2019  /  Asia Pacific, Australia  /  No Comments

The Western Australia EPA on Monday began a new consultation round for its GHG guidelines, after being forced to withdraw a previous proposal that included an obligation for all major projects to offset their carbon emissions.

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Carbon pricing schemes grow in numbers, but still too few and too cheap to meet Paris goals -report

Published 04:52 on June 7, 2019  /  Last updated at 00:56 on June 8, 2019  /  Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, EMEA, EU ETS, International, Japan, New Zealand, Other APAC, South Korea, Switzerland, US  /  No Comments

The number of planned or implemented carbon pricing mechanisms worldwide has grown to 57, but without expanded coverage and higher prices they won’t be sufficient to help meet the temperature goals in the Paris Agreement, a World Bank report said Friday.

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Australia’s GHG emissions continue to rise on LNG boom

Published 10:10 on June 6, 2019  /  Last updated at 10:10 on June 6, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s greenhouse gas emissions rose again last year, according to new government data, as a massive increase in liquefied natural gas more than offset CO2e cuts from electricity generation and agriculture.

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Australia’s weekly carbon credit issuance falls below 130k

Published 11:16 on May 31, 2019  /  Last updated at 11:16 on May 31, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued fewer than 130,000 carbon credits this week, while only one new project was registered.

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