Developers deliver over 425,000 ACCUs to Australian government fund
Offset developers under contract with Australia’s Emissions Reduction Fund (ERF) have delivered more than 425,000 credits to the fund over the past two weeks, while the Clean Energy Regulator this week issued just over 100,000 new credits, most of that to one big landfill project.
Read MoreAustralia to seek state support for ERF reform
Australia’s emissions reduction minister Angus Taylor will this Friday seek support from state governments for changes to the Emissions Reduction Fund (ERF), media reports said Wednesday.
Read MoreOil and gas firm Woodside launches plan to offset part of its ballooning emissions
Australian oil and gas producer Woodside Energy on Tuesday announced an offset initiative that will see it eventually buy over 1 million carbon credits annually, though the programme only covers a minor share of the company’s rapidly growing GHG emissions.
Read MoreANALYSIS: Offset market wary about Australia’s ‘compressed crediting’ drive
Australia’s proposal to award some offset projects credits before emission reductions have taken place could create more problems than it solves and may fail to address fundamental risks, according to market participants.
Read MoreAustralia weighs issuing carbon offsets before reductions take place
In a clear break with standard practice, Australia’s environment department has proposed rule changes to its carbon offset programme that would allow for ACCUs to be issued and distributed to owners of some vegetation-based projects before the emission reductions have taken place.
Read MoreANALYSIS: Experts divided on CORSIA aviation offset supply estimates, with CDM renewal risk in focus
Experts are differing greatly on the potential supply of eligible carbon credits that could be available under ICAO’s global aviation offset scheme, and specifically on the amount of available CDM units, which are poised to play a key role.
Read MoreAustralia to hold next ERF auction on Mar. 25-26, ditch benchmark price
Australia will hold the next Emissions Reduction Fund auction in March next year, when for the first time the cost-capping benchmark price will be removed, the Clean Energy Regulator said Friday.
Read MoreVeteran climate lawyer launches climate investment and advisory business
A veteran climate policy and carbon market lawyer has launched a climate change advisory and investment business, aiming to raise $3 billion across investment funds to facilitate the transition to a net-zero and climate resilient future.
Read MoreQantas announces 2050 net zero emissions target, doubling of offset use
Australian airline Qantas on Monday said it would reach net zero emissions by 2050, and as part of the plan will immediately double its use of carbon credits by matching each tonne offset by its customers.
Read MoreCruise line MSC seeks CO2 neutrality through blue carbon offsets
Swiss-based MSC Cruises aims to achieve carbon neutrality in its marine fleet operations by Jan. 2020 through offsetting, and plans to increasingly rely on blue carbon projects to maintain the goal, it announced Friday.
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