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Australia sets CO2e cap for Shell’s Prelude floating LNG platform

Published 09:03 on October 1, 2018  /  Last updated at 22:07 on October 1, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has set an annual emissions cap for Shell’s Prelude project under the Safeguard Mechanism, but the world’s second-biggest floating LNG platform will still bump up the nation’s greenhouse gas emissions by nearly 3 MtCO2e annually.

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Australia’s GHG emissions keep rising amid LNG export boom

Published 10:17 on September 28, 2018  /  Last updated at 15:01 on September 28, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s greenhouse gas emissions rose 1.3% in the year to Mar. 31, largely due to a massive increase in export-focused LNG production and despite a reduction in emissions from the power sector.

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Australian offset issuance drops below 50k, but ERF delivery remains on track

Published 09:45 on September 28, 2018  /  Last updated at 17:56 on September 28, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued some 49,900 carbon credits this week, around half the recent average, while one more project finalised its delivery obligations with the Emissions Reduction Fund.

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New Zealand PM hints at tougher GHG target, Pacific nations plan to do more

Published 09:33 on September 27, 2018  /  Last updated at 00:00 on September 28, 2018  /  Asia Pacific, Australia, Climate Talks, International, New Zealand  /  No Comments

New Zealand Prime Minister Jacinda Ardern has signalled she is ready to increase the ambition of the nation’s emissions reduction target under the Paris Agreement, even as the country is preparing to meet a significant share of its existing goal through the international carbon market.

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Sydney Opera House gives high-profile boost to Australia’s voluntary carbon market

Published 09:38 on September 24, 2018  /  Last updated at 16:51 on September 24, 2018  /  Asia Pacific, Australia, International, Voluntary Market  /  No Comments

Australia’s voluntary carbon market saw a high-profile boost on Monday when the Sydney Opera House announced it would turn its famous sails green to show that it had achieved carbon neutral status under the government’s National Carbon Offset Standard after buying carbon credits.

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Waste coal mine gas operator off mark in latest Australian offset issuance

Published 12:02 on September 21, 2018  /  Last updated at 12:02 on September 21, 2018  /  Asia Pacific, Australia  /  No Comments

Energy firm EDL received its first offsets from the Clean Energy Regulator this week, having contracted to sell more than 2.5 million carbon credits to the Australian government from four waste coal mine gas power stations.

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Australian business group seeks to keep climate issues out of EU trade talks

Published 11:38 on September 21, 2018  /  Last updated at 11:40 on September 21, 2018  /  Asia Pacific, Australia, EMEA  /  No Comments

Amid concerns that Australia might botch its Paris Agreement obligations, one of the nation’s biggest business groups on Friday said environmental concerns had no place in free trade talks with the EU and should be kept to relevant international forums such as the UNFCCC.

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Australia to hold next ERF auction on Dec. 10-11

Published 09:05 on September 20, 2018  /  Last updated at 12:15 on September 20, 2018  /  Asia Pacific, Australia  /  No Comments

Australia will hold the next auction under the Emissions Reduction Fund (ERF) on Dec. 11-12, with spending again likely to be below the A$100-million mark, the Clean Energy Regulator said Thursday.

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Australian minister says keen to top up ERF budget

Published 12:30 on September 17, 2018  /  Last updated at 22:42 on September 17, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s new environment minister Melissa Price on Monday gave the nation’s offset market a boost by saying she was seeking to top up the budget of the Emissions Reduction Fund (ERF), making her the first government member to openly pursue this since the A$2.55 billion fund was established.

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Australia launches new offset method to drive industrial carbon reductions

Published 10:00 on September 12, 2018  /  Last updated at 02:35 on September 13, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator on Wednesday introduced a new offset method aimed at driving deeper emission cuts at industrial facilities whose involvement in the scheme has been minimal so far.

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