Australia to ramp up offset issuance to savanna burning projects
The 70 savanna burning projects registered with Australia’s Clean Energy Regulator will be eligible to receive more offsets than before as new research shows they also increase carbon storage in the surrounding landscape, according to a new government proposal.
Read MoreChair of Australia’s Clean Energy Regulator to step down
The chair of Australia’s Clean Energy Regulator will step down when her term expires next April, the agency announced Friday.
Read MoreAustralia ratifies Paris deal, lifting spirits at UN talks
Australia on Thursday ratified the Paris Agreement, less than 24 hours after Donald Trump was elected president and in a move likely offering some reassurance that global commitment to cut GHG emissions wasn’t washed away with the US election.
Read MoreAnalysts tip price increase at ERF auction as project registration slumps
The average price in next week’s Emissions Reduction Fund (ERF) auction is likely to increase as a big drop in new projects means less competition for developers, analysts said Tuesday.
Read MoreAustralia updates offset rules after allegations of wrong-doing
Australia’s Clean Energy Regulator (CER) on Monday updated rules for obtaining eligible interest-holder consent for ERF projects just weeks after one developer allegedly broke them, with the agency warning that no offsets would be awarded without their documented consent.
Read MoreAustralia offset issuance passes 30 million mark
The Clean Energy Regulator (CER) last month issued 585,000 new offsets, taking the total number of Australian Carbon Credit Units (ACCUs) above 30 million.
Read MoreAustralia’s ERF is buying low-quality, over-priced offsets, report says
Australia’s Emissions Reduction Fund (ERF) does not deliver additional GHG cuts and would be unsuitable as a supply mechanism in an emissions trading system, a report said Thursday.
Read MoreGlobal decarb rate edges up in 2015, still well short of 2C requirements -consultants
Carbon intensity among the Group of 20 major economies slightly increased its rate of decline in 2015, a sign that the world is sustaining its trend of decoupling GDP from emissions but at a rate too slow to prevent dangerous warming, an analysis by consultancy PwC found.
Read MoreGlobal forest carbon finance increased 26% in 2015, report finds
Global funding for efforts to store carbon in forests rose 26% to $880 million in 2015, but that amount would have shrunk if not for the Australian government’s Emissions Reduction Fund (ERF).
Read MoreClean Energy Finance Corporation CEO to step down
The CEO of Australia’s Clean Energy Finance Corporation will leave his position, the CEFC said Wednesday, though he will remain in the job until the board has found a replacement.
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