Tax CO2 from largest emitters $75/t by 2030 to avoid 2C temperature rise, says IMF
A global temperature rise of 2 degrees C could be avoided if large emitting countries collectively adopt a carbon tax of $75/tonne by 2030, as well as other ambitious actions, according to a report by the International Monetary Fund.
Read MoreAustralia’s weekly offset issuance tops 460,000 credits
Australia’s Clean Energy Regulator issued over 460,000 carbon credits this week, surpassing 12 million offsets in 2019 as vegetation and waste projects continue to dominate the programme.
Read MoreAustralia’s Woodside Energy signs carbon offset project deal
Oil and gas company Woodside Energy has teamed up with environmental firm Greening Australia to carry out a large-scale tree planting project that is expected to generate 1 million offsets over the next 25 years.
Read MoreArticle 6 failure at COP25 could force bilateral carbon market links, experts say
Failure to agree on rules for Article 6 at this year’s UN climate talks in Chile could see countries like Australia and New Zealand forging their own bilateral links to get access to the international credits they need to fulfil their Paris Agreement pledges, market experts warned Wednesday.
Read MoreICAO moves toward long-term GHG goal, CORSIA launch despite opposition from 25 nations
ICAO’s Assembly on Friday backed the progression of work on setting a long-term emissions target for aviation and to advance the UN body’s CORSIA global offsetting mechanism towards operationalisation, though a fifth of the countries in attendance voted against the two resolutions in a surprise secret ballot.
Read MoreCARBON FORWARD 2019 – UK climate minister Duncan to deliver keynote speech
**THIS IS A FREE ARTICLE** – Survive and thrive in carbon markets by joining us at the 4th annual CARBON FORWARD conference & training day where we will be joined by the pre-eminent experts to discuss a programme developed by environmental market experts and based on feedback from companies like yours.
Read MoreAustralia’s offset issuance drops to just above 100k
Australia’s Clean Energy Regulator this week issued slightly more than 100,000 carbon credits, with all the units awarded to vegetation-based projects.
Read MoreEZ does it: Declining CO2 price trajectory necessary to counter climate uncertainty -study
Carbon prices should start high and decline over time to combat the environmental and economic cost of long-term inaction, according to research published Tuesday, advocating turning the conventional approach on its head.
Read MoreAustralia’s EDL Energy earns 565,000 carbon credits in latest issuance
Australia’s Clean Energy Regulator swelled its carbon credit issuance to over 700,000 this week, with energy firm EDL earning the vast majority for emission cuts at a number of landfill sites.
Read MoreNew South Wales coal mine ruling could spur offset interest
A decision by Australia’s New South Wales to reject a coal mine application partly over climate concerns might signal regulators’ intention to investigate offset options in the future, lawfirm Clayton Utz said Wednesday.
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