Australia « Carbon Pulse
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BRIEFING: Australia’s emerging electricity sector carbon pricing market

Published 12:21 on July 26, 2018  /  Last updated at 12:21 on July 26, 2018  /  Asia Pacific, Australia  /  No Comments

Australia this week finalised the design of its proposed National Energy Guarantee (NEG), including a decision to allow a limited number of domestic offsets, paving the way for a carbon pricing scheme of sorts to emerge in the power sector if the policy wins the backing of state ministers next month.

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Australian minister open to reviewing NEG emissions target in 2024

Published 09:52 on July 25, 2018  /  Last updated at 00:55 on July 26, 2018  /  Asia Pacific, Australia  /  No Comments

Australian Energy and Environment Minister Josh Frydenberg has told state premiers and ministers that the emissions target under the proposed National Energy Guarantee (NEG) could be open to review in 2024, a move that would allow a future Labor government to strengthen the scheme’s ambition.

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BHP Billiton coal mine earns 239k carbon credits

Published 10:35 on July 20, 2018  /  Last updated at 17:07 on July 20, 2018  /  Asia Pacific, Australia  /  No Comments

A subsidiary of Australian mining major BHP Billiton this week received nearly 240,000 carbon credits for capturing and combusting methane emissions from one of its coal mines in New South Wales.

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Australia’s weak NEG target to push up power prices -report

Published 10:28 on July 20, 2018  /  Last updated at 17:03 on July 20, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s main argument to stick to a modest emissions target under the proposed National Energy Guarantee (NEG) is to avoid electricity price hikes, but wholesale power prices could be 25% cheaper by 2030 with a more ambitious goal, analysts said on Friday.

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State minister says Australia’s NEG unacceptable in current version

Published 11:12 on July 17, 2018  /  Last updated at 11:12 on July 17, 2018  /  Asia Pacific, Australia  /  No Comments

ACT Climate Minister Shane Rattenbury has thrown fresh doubt on the Australian federal government’s ability to pass the proposed National Energy Guarantee (NEG), saying his state won’t sign up to the scheme unless its emission reduction ambition is raised.

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Australia’s national park authority earns first carbon credits for controlled fires

Published 10:59 on July 13, 2018  /  Last updated at 16:44 on July 13, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week issued over 77,000 offsets to the Director of National Parks, the first time the federal agency has earned credits for its efforts to control savanna fires.

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Australia issues 368k carbon credits

Published 11:20 on July 6, 2018  /  Last updated at 18:10 on July 6, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has issued 367,879 carbon credits over the past two weeks, with a NSW-based forestry scheme earning nearly a third of the volume.

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Weak NEG could more than double Australia’s carbon price -analysts

Published 11:19 on July 4, 2018  /  Last updated at 16:38 on July 4, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s carbon price could more than double by 2030 as the weak CO2 target for electricity generation will force higher costs on other sectors, analysts said Wednesday.

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Australian offset veteran leaves GreenCollar Group to start advisory firm

Published 10:46 on June 27, 2018  /  Last updated at 21:20 on June 27, 2018  /  Asia Pacific, Australia, Bavardage  /  No Comments

The head of environmental markets and strategy at Australia’s biggest carbon project developer has left the company to set up his own offset advisory firm.

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Australian industry groups urge MPs to approve NEG

Published 10:19 on June 26, 2018  /  Last updated at 10:19 on June 26, 2018  /  Asia Pacific, Australia  /  No Comments

Representatives for major Australian business groups on Tuesday met with Coalition MPs to urge them to approve the National Energy Guarantee (NEG).

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