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Australia proposes to scrap failed soil carbon method

Published 09:51 on March 27, 2018  /  Last updated at 17:49 on March 27, 2018  /  Asia Pacific, Australia  /  No Comments

Australia has proposed to revoke its original little-used soil carbon offset method in favour of a broader approach that some market participants say could increase new project development tenfold.

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Australia’s NEG unlikely to be nationwide after WA signals it won’t join

Published 09:43 on March 27, 2018  /  Last updated at 17:48 on March 27, 2018  /  Asia Pacific, Australia  /  No Comments

Any carbon intensity trading market that develops under Australia’s proposed National Energy Guarantee (NEG) looks set to do so without Western Australia (WA), with the state’s energy minister saying Tuesday it is likely to continue going it alone on energy policy.

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Australian offset issuance, project registration at half speed

Published 09:46 on March 23, 2018  /  Last updated at 16:39 on March 23, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued 134,567 carbon credits this week – around half the normal rate last year – with only one new project registered, despite the deadline for participating in the next ERF auction less than four weeks away.

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Australia’s new flagship climate policy to achieve less than business as usual -report

Published 09:54 on March 19, 2018  /  Last updated at 18:02 on March 19, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s proposed National Energy Guarantee (NEG) is set up to achieve a smaller emission cut in the electricity sector than the nation is on track to make without any new policies thanks to ambitious renewable targets in some states, a new report said Monday.

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Australia terminates 10th ERF offset deal

Published 09:37 on March 16, 2018  /  Last updated at 09:37 on March 16, 2018  /  Asia Pacific, Australia  /  No Comments

Australia has terminated another contract to buy carbon offsets under the Emissions Reduction Fund, data from the Clean Energy Regulator showed Friday, the tenth project to suffer that fate.

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Opposition grows against use of international offsets in Australia’s NEG

Published 11:07 on March 14, 2018  /  Last updated at 18:07 on March 14, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s biggest industry lobby group on Wednesday added its voice to the growing choir warning against accepting international carbon credits in the nation’s proposed National Energy Guarantee.

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Australian emitters surrender 448k carbon credits under Safeguard Mechanism

Published 04:21 on March 14, 2018  /  Last updated at 18:11 on March 14, 2018  /  Asia Pacific, Australia  /  No Comments

Sixteen facilities had to surrender a total 448,000 offsets to meet their CO2 targets in the first year of Australia’s Safeguard Mechanism, with the vast majority of the emitters covered by the programme encountering few problems staying below their caps.

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Australia’s power firms want flexible CO2 trading to help meet NEG targets

Published 10:34 on March 12, 2018  /  Last updated at 21:34 on March 12, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s National Energy Guarantee (NEG) must allow for flexibility in trading CO2 intensity contracts and should place the responsibility for meeting emission targets on generators rather than retailers, according to several of the nation’s biggest power companies.

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Queensland to set up A$500m land-based carbon fund

Published 09:29 on March 9, 2018  /  Last updated at 23:17 on March 9, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Queensland state has begun work to establish a A$500-million ($390 mln) fund that will use carbon markets to cut greenhouse gas emissions in the land sector, the government said Friday.

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Australia lowers ambition for next ERF carbon offset auction

Published 07:57 on March 7, 2018  /  Last updated at 22:07 on March 7, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator will hold the next auction under the Emissions Reduction Fund on June 6-7, it announced Wednesday, but said it is aiming to spend less money this time than in any of the previous six rounds.

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