Australia could hit net zero emissions in 2050 and profit from it -report
Australia could reduce its greenhouse gas emissions to net zero in 2050 and be carbon negative a decade later, all while profiting from efforts including collecting revenue from selling several hundred million carbon credits from land-based projects, a report has found.
Read MoreBY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading
There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.
Read MoreAustralia offset issuance balloons as end of financial year nears
Australia’s Clean Energy Regulator has awarded over 770,000 carbon credits in the past three days as a growing number of project owners seek to get their issuances before the June 30 end of the financial year.
Read MoreQueensland gives final go-ahead for Adani’s massive Carmichael coal mine
Queensland on Thursday approved Adani’s groundwater plan for its Carmichael mine, the final approval required to begin construction at what will become one of Australia’s biggest coal mines.
Read MoreAustralia proposes changes to controversial carbon credit rules for coal power plants
Australia has launched a review of offset rules that might allow for awarding carbon credits to even its dirtiest ageing coal-fired power plants.
Read MoreAustralia issues 222k carbon credits, revokes two projects
Australia’s Clean Energy Regulator on Tuesday issued almost 222,000 carbon credits, while two previously registered projects were revoked as they had failed to generate any offsets.
Read MoreWestern Australia EPA tries again on offset obligations
The Western Australia EPA on Monday began a new consultation round for its GHG guidelines, after being forced to withdraw a previous proposal that included an obligation for all major projects to offset their carbon emissions.
Read MoreCarbon pricing schemes grow in numbers, but still too few and too cheap to meet Paris goals -report
The number of planned or implemented carbon pricing mechanisms worldwide has grown to 57, but without expanded coverage and higher prices they won’t be sufficient to help meet the temperature goals in the Paris Agreement, a World Bank report said Friday.
Read MoreAustralia’s GHG emissions continue to rise on LNG boom
Australia’s greenhouse gas emissions rose again last year, according to new government data, as a massive increase in liquefied natural gas more than offset CO2e cuts from electricity generation and agriculture.
Read MoreAustralia’s weekly carbon credit issuance falls below 130k
Australia’s Clean Energy Regulator issued fewer than 130,000 carbon credits this week, while only one new project was registered.
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