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Australia reduces emissions projections, but remains far off track for Paris target

Published 00:29 on December 21, 2018  /  Last updated at 01:31 on December 22, 2018  /  Asia Pacific, Australia  /  No Comments

Australia on Friday released its annual emissions forecast to 2030, adjusting downwards expected GHG output over the next decade but still expecting to massively miss its Paris Agreement target.

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Clean Energy Regulator confident on short-term ACCU supply

Published 12:27 on December 20, 2018  /  Last updated at 12:27 on December 20, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator on Thursday for the first time released a set of key carbon offset market data, concluding that supply in the short term will be sufficient to meet demand as Safeguard Mechanism entities approach their Feb. 28 compliance deadline.

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Australian initiative aims to reduce offset risk through new standards

Published 10:25 on December 20, 2018  /  Last updated at 00:05 on December 21, 2018  /  Asia Pacific, Australia  /  No Comments

A newly formed industry association is planning to develop carbon estimation and reporting standards for vegetation-based carbon credit projects to reduce risk for involved parties and increase confidence for banks lending to project developers.

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Revoked project to put further strain on supply-choked Australian offset market

Published 11:03 on December 19, 2018  /  Last updated at 11:03 on December 19, 2018  /  Asia Pacific, Australia  /  No Comments

A recently revoked Australian energy efficiency project could add annual demand of upwards of 500,000 tCO2e to meet its contractual obligations to the Emissions Reduction Fund (ERF), stretching the country’s small secondary offset market to the limits of its capacity and likely pushing up prices in the process.

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Australia’s ruling Coalition dismisses internal push to put emissions back in energy plan

Published 09:52 on December 19, 2018  /  Last updated at 09:52 on December 19, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s federal government on Wednesday dismissed a push from the New South Wales state energy minister to put a carbon emissions obligation back into the national energy strategy.

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EU, New Zealand agree to increase cooperation on emissions trading

Published 21:47 on December 17, 2018  /  Last updated at 21:54 on December 17, 2018  /  Americas, Asia Pacific, Australia, Aviation, Canada, Carbon Taxes, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, US  /  No Comments

The EU and New Zealand have agreed to strengthen their bilateral cooperation on emissions trading, their respective climate bosses announced on Monday.

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Offset purchases drop to new record low in Australia’s latest ERF auction

Published 08:55 on December 17, 2018  /  Last updated at 20:46 on December 17, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator achieved record low volumes in last week’s Emissions Reduction Fund (ERF) auction, the agency said Monday.

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COP24: Australia faces heat if it deploys AAU plan to plug Paris emission gap

Published 17:47 on December 11, 2018  /  Last updated at 07:54 on December 12, 2018  /  Asia Pacific, Australia, Climate Talks, International, Kyoto Mechanisms  /  No Comments

Australia is likely to face widespread international disapproval if it goes ahead with a plan identified by observers that involves using more than 300 million surplus units from the Kyoto Protocol era to help meet a massive shortfall in its Paris Agreement target.

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Australia sees minor burst of offset project registrations ahead of ERF auction

Published 12:07 on December 9, 2018  /  Last updated at 01:06 on December 11, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator approved 18 new offset projects over the past week amid a minor rush by developers to qualify in time for the coming week’s Emissions Reduction Fund (ERF) auction.

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Australian carbon market for industry likely to be short from day one, analysts find

Published 08:06 on December 6, 2018  /  Last updated at 08:06 on December 6, 2018  /  Asia Pacific, Australia  /  No Comments

A baseline-and-crediting scheme for industrial emitters under a ramped-up Safeguard Mechanism featuring targets in line with the Labor party’s climate target would be short from the outset, with demand rapidly increasing over the next decade, a report found Thursday.

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