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Australian government proposes to further dilute CO2 regulations for major emitters

Published 09:28 on February 21, 2018  /  Last updated at 09:32 on February 21, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Department of Environment and Energy has released a proposal to reform its Safeguard Mechanism, a move that would make it easier for companies to increase their CO2 caps and exempt them from auditing their carbon output.

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‘Choose your own cap’ under Australia’s Safeguard Mechanism -report

Published 09:58 on February 19, 2018  /  Last updated at 12:19 on February 19, 2018  /  Asia Pacific, Australia  /  No Comments

CO2 emissions from facilities covered by Australia’s Safeguard Mechanism will increase by at least 22 million tonnes per year as companies are largely free to set their own caps, a study found.

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Avoided deforestation projects provide boost for Australian offset issuance

Published 09:32 on February 16, 2018  /  Last updated at 09:32 on February 16, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator doubled its offset issuance to nearly 400,000 this week, driven by a batch of NSW-based avoided deforestation projects from which the government has contracted to buy almost 3.7 million carbon credits.

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Australia releases ETS-like draft design for National Energy Guarantee

Published 11:04 on February 15, 2018  /  Last updated at 11:04 on February 15, 2018  /  Asia Pacific, Australia, International, New Market Mechanisms  /  No Comments

Australia’s Energy Security Board (ESB) on Thursday released a draft design proposal for the National Energy Guarantee that included many of the same elements found in intensity-based emissions trading schemes.

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Exchange operator CBL Markets sees trade volumes rise in 2017

Published 00:20 on February 14, 2018  /  Last updated at 00:24 on February 14, 2018  /  Americas, Asia Pacific, Australia, US, Voluntary Market  /  No Comments

Exchange operator CBL Markets said it experienced strong growth last year, in part due to an influx of new participants and the Australia-headquartered firm’s expansion into other environmental markets.

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Heineken unveils new emissions reduction goals, internal carbon price

Published 21:31 on February 12, 2018  /  Last updated at 21:38 on February 12, 2018  /  Americas, Asia Pacific, Australia, Carbon Taxes, EMEA, International, Other APAC, REDD, Voluntary Market  /  No Comments

Dutch brewing giant Heineken on Monday announced a new emissions reduction strategy that seeks to incorporate more renewable energy sources into its operations while also introducing a pilot internal carbon price.

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Australia issues 216k carbon credits in slow start to new year

Published 09:32 on February 9, 2018  /  Last updated at 18:05 on February 9, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has issued nearly 216,000 carbon credits over the past two weeks, below average numbers as some of the major developers have been absent from the application process.

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Developers energised after Australia releases new soil carbon offset rules

Published 11:38 on February 7, 2018  /  Last updated at 20:25 on February 8, 2018  /  Asia Pacific, Australia  /  No Comments

Australia on Wednesday released a new method for soil carbon projects, a move developers said could spark a 10-fold increase in project development.

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South Pole Australia to offer carbon-biodiversity credit combo

Published 10:22 on February 6, 2018  /  Last updated at 10:22 on February 6, 2018  /  Asia Pacific, Australia, Voluntary Market  /  No Comments

The Australian branch of project developer South Pole this week launched a new product for voluntary buyers combining carbon offsets with credits from biodiversity projects.

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Australian MPs back mechanism to cut carbon emissions

Published 10:07 on February 5, 2018  /  Last updated at 22:32 on February 5, 2018  /  Asia Pacific, Australia  /  No Comments

In a rare show of bipartisanship, an Australian cross-party parliamentary committee on Monday backed the creation of a mechanism to cut greenhouse gas emissions from the power sector, but stopped short of making detailed recommendations.

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