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Australia’s Woodside backs offset crediting for Safeguard companies

Published 09:22 on October 28, 2019  /  Last updated at 14:17 on October 28, 2019  /  Asia Pacific, Australia  /  No Comments

Australian oil and gas producer Woodside is backing the idea that facilities covered by the Safeguard Mechanism should be awarded carbon credits if they beat their baselines, which it said should be set based on industry average emissions intensity.

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Australian energy firm makes major ACCU deliverance

Published 10:31 on October 24, 2019  /  Last updated at 10:31 on October 24, 2019  /  Asia Pacific, Australia  /  No Comments

The landfill gas arm of energy firm EDL has made good on nearly 460,000 carbon credits under government contract, while Australia’s Clean Energy Regulator this week issued a modest 150,000 new offsets.

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Australian offset panel weighs crediting mechanism for Safeguard facilities

Published 11:03 on October 23, 2019  /  Last updated at 16:39 on October 23, 2019  /  Asia Pacific, Australia  /  No Comments

A government-appointed panel examining ways to increase Australia’s supply of carbon credits has listed the possibility of awarding offsets to facilities in the Safeguard Mechanism that outperform their benchmarks as a potential option.

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NSW govt nixes Scope 3 considerations in mining decisions

Published 10:28 on October 22, 2019  /  Last updated at 10:28 on October 22, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s New South Wales state government will this week introduce legislation that bans its Independent Planning Commission from taking Scope 3 emissions into account when deciding whether or not to let mining projects go ahead.

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Regulator data shows Australian near-term offset supply sufficient, but question marks ahead

Published 10:23 on October 18, 2019  /  Last updated at 10:23 on October 18, 2019  /  Asia Pacific, Australia  /  No Comments

With more than 5 million carbon credits sitting in the national offset registry, Australian developers are likely able to meet demand for the 2019-20 financial year, but the market could tighten considerably as issuance volume might shrink next year while government demand has yet to peak, Clean Energy Regulator data showed Friday.

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Warning signs for Australia’s offset market despite record issuance

Published 13:28 on October 17, 2019  /  Last updated at 02:39 on October 18, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued a record 13.66 million carbon credits in FY2018-19, according to its annual report released on Thursday, but data also showed that new project development fell by more than 50% while the government’s Emissions Reduction Fund cancelled contracts for more offsets than it signed.

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Australia’s Queensland issues tender for 90,000 ACCUs

Published 09:43 on October 16, 2019  /  Last updated at 09:43 on October 16, 2019  /  Asia Pacific, Australia  /  No Comments

The Queensland government in Australia is looking to buy over 90,000 carbon credits through its CarbonPlus Fund to offset emissions from its vehicle fleet.

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CO2 price could put Australia’s power emissions in line with Paris pact -utility

Published 09:39 on October 16, 2019  /  Last updated at 00:53 on October 17, 2019  /  Asia Pacific, Australia  /  No Comments

Australia needs a carbon price for its electricity sector to ensure continued emission cuts, though the sector could deliver much deeper reductions at only modest cost to consumers, Origin Energy said Wednesday.

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Tax CO2 from largest emitters $75/t by 2030 to avoid 2C temperature rise, says IMF

Published 01:22 on October 11, 2019  /  Last updated at 01:38 on October 11, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

A global temperature rise of 2 degrees C could be avoided if large emitting countries collectively adopt a carbon tax of $75/tonne by 2030, as well as other ambitious actions, according to a report by the International Monetary Fund.

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Australia’s weekly offset issuance tops 460,000 credits

Published 09:45 on October 10, 2019  /  Last updated at 00:14 on October 11, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued over 460,000 carbon credits this week, surpassing 12 million offsets in 2019 as vegetation and waste projects continue to dominate the programme.

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