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Auction puts lid on Australian carbon offset issuance

Published 09:59 on December 8, 2017  /  Last updated at 09:59 on December 8, 2017  /  Asia Pacific, Australia  /  No Comments

Offset issuance in Australia has slid to a near-halt so far this month as this week’s Emissions Reduction Fund (ERF) auction has taken centre stage.

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Australian airline launches first carbon neutral destination

Published 10:39 on December 5, 2017  /  Last updated at 14:34 on December 5, 2017  /  Asia Pacific, Australia, Aviation, Voluntary Market  /  No Comments

Australian airline QantasLink this week opened two new domestic routes for which it will offset all associated emissions through buying carbon credits generated from tree planting.

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Low volume, higher prices expected in Australia ERF auction

Published 09:58 on November 30, 2017  /  Last updated at 15:55 on November 30, 2017  /  Asia Pacific, Australia  /  No Comments

Low volumes are expected to be offered into Australia’s sixth Emissions Reduction Fund auction next week, likely leading to slightly higher prices than in the previous round, according to analysts.

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AGL subsidiary earns 100k carbon offsets from landfill sites

Published 10:38 on November 24, 2017  /  Last updated at 10:38 on November 24, 2017  /  Asia Pacific, Australia  /  No Comments

A subsidiary of AGL, one of Australia’s biggest power generators and its biggest CO2 emitter, this week received nearly 100,000 carbon credits for emission cuts at eight different landfill sites.

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Australian states vote to develop NEG details by April

Published 09:48 on November 24, 2017  /  Last updated at 18:35 on November 24, 2017  /  Asia Pacific, Australia  /  No Comments

Australian state energy ministers on Friday voted in favour of letting the Energy Security Board (ESB) develop draft details of the National Energy Guarantee (NEG) by next April, while ignoring other alternatives such as an emissions intensity trading scheme.

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Criticism builds ahead of key meet on Australia’s energy plan

Published 10:14 on November 23, 2017  /  Last updated at 21:21 on November 23, 2017  /  Asia Pacific, Australia  /  No Comments

Analysts and state officials on Thursday delivered fresh criticism of Australia’s National Energy Guarantee (NEG), as the federal government appeared to be scaling down its ambitions for the outcome of Friday’s key COAG meeting.

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Tough test awaits Australia’s new energy, carbon policy as industry groups urge governments to play nice

Published 15:03 on November 21, 2017  /  Last updated at 22:19 on November 21, 2017  /  Asia Pacific, Australia  /  No Comments

Australia’s proposed new energy policy, which could kick-start a secondary offset market and establish an indirect carbon price, faces the first of a series of tests this week when federal and state energy officials meet, with some of them deeply suspicious about the scheme.

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Australian landfill project earns 232k carbon credits

Published 09:11 on November 17, 2017  /  Last updated at 13:57 on November 17, 2017  /  Asia Pacific, Australia  /  No Comments

A Victoria-based waste project owned by Landfill Operation Pty. received most of the offsets issued this week by Australia’s Clean Energy Regulator, earning 232,387 carbon credits.

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ECOSYSTEM MARKETPLACE: As REDD talks progress in Bonn, question arises: who can use the term “REDD+”?

Published 14:15 on November 14, 2017  /  Last updated at 14:15 on November 14, 2017  /  Africa, Americas, Asia Pacific, Australia, Bavardage, Climate Talks, Conversations, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Towards the end of summer, climate negotiators learned of three trademark applications that were filed in May of this year. One was for the logo “REDDPLUSX”, which is described as a carbon credit brokerage. Another was for the logo “RRU”, which are proposed carbon credits generated by saving or supporting forests under the Paris Agreement. But it was the third, for the logo REDD+, that raised eyebrows across the climate community.

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Australia set for influx of cheap, low-quality offsets -analysts

Published 08:29 on November 14, 2017  /  Last updated at 14:19 on November 14, 2017  /  Asia Pacific, Australia  /  No Comments

Australia’s current climate policy is likely to create a huge supply of carbon offsets available in the A$5-10/tonne ($3.80-7.60) range, with many of them from low-quality projects unlikely to be accepted in international markets, analysts Reputex said.

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