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Australia deepens details on NEG but refuses to budge on key issues

Published 11:42 on June 15, 2018  /  Last updated at 11:42 on June 15, 2018  /  Asia Pacific, Australia  /  No Comments

The Australian federal government and the Energy Security Board (ESB) on Friday provided fresh details on the country’s proposed National Energy Guarantee (NEG) but refused to discuss the scheme’s overall emissions ambition, which may lead to its ultimate demise.

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Secondary market drives up ERF auction price in Australia as volumes hit new low

Published 04:54 on June 15, 2018  /  Last updated at 09:31 on June 15, 2018  /  Asia Pacific, Australia  /  No Comments

The Australian government bought its lowest volume of offsets yet at last week’s seventh Emissions Reduction Fund (ERF) auction, purchasing just 6.67 million units.

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Australia badly lagging on climate ambition -report

Published 10:56 on June 12, 2018  /  Last updated at 21:43 on June 12, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Paris Agreement commitment is “grossly inadequate” and the target would have to be dramatically ramped up for the coal-reliant nation to do its fair share to keep climate change under control, a report found Tuesday.

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Australia offset issuance level drops as auction takes attention

Published 10:39 on June 8, 2018  /  Last updated at 16:34 on June 8, 2018  /  Asia Pacific, Australia  /  No Comments

New offset issuances in Australia this week fell to 102,300 as most eyes were focused on the seventh Emissions Reduction Fund (ERF) auction, which closed Thursday.

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Qantas, GreenCollar Group team up on carbon, reef credits

Published 10:37 on June 8, 2018  /  Last updated at 16:41 on June 8, 2018  /  Asia Pacific, Australia, Voluntary Market  /  No Comments

Australian airline Qantas and carbon project developer GreenCollar Group have partnered up to generate and market credits from projects that cut greenhouse gas emissions and help the threatened Great Barrier Reef.

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Australia cancels contracts for 1.7 mln carbon credits

Published 09:59 on June 4, 2018  /  Last updated at 13:32 on June 4, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has cancelled two contracts for delivery of a total 1.67 million carbon credits to its Emissions Reduction Fund.

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Australia gives late wave of approvals to projects ahead of offset auction

Published 10:00 on June 1, 2018  /  Last updated at 18:05 on June 1, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has approved 42 new carbon credit projects over the past two weeks that are now cleared to participate in next week’s ERF auction, potentially tightening competition among bidders.

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Analysts see price upside in Australia’s next ERF auction despite spending cuts

Published 09:22 on May 29, 2018  /  Last updated at 00:31 on May 30, 2018  /  Asia Pacific, Australia  /  No Comments

Sophisticated developers might achieve as much as 20% above the average price in next week’s Emissions Reduction Fund (ERF) auction, experts said, even as the Clean Energy Regulator has announced it will spend less than in previous sales.

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Australia issues 445k fresh offsets, with Terra Carbon, Country Carbon earning biggest shares

Published 10:59 on May 25, 2018  /  Last updated at 09:31 on June 1, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week maintained its recent high level of offset issuances, handing out 445,065 carbon credits to 21 projects.

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Flexibility options weigh on regulator as it carves out details on Australia’s NEG

Published 11:57 on May 23, 2018  /  Last updated at 11:57 on May 23, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Energy Security Board backs a limit of around 10% on banking emissions over-achievement under the proposed National Energy Guarantee (NEG), but it has posed a number of questions regarding the use of flexibility options to stakeholders while leaving the use of offsets up to the government.

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