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Australian developer offers cash prize for soil carbon projects

Published 09:54 on August 6, 2019  /  Last updated at 09:54 on August 6, 2019  /  Asia Pacific, Australia  /  No Comments

Project developer AgriProve is offering a cash prize to farmers who come up with high quality soil carbon projects as part of a A$150 million ($102 mln) budget to help drive new sector activity in the Australian carbon market.

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Australia’s ERF at standstill as contract terminations cancel out new deals

Published 08:09 on August 2, 2019  /  Last updated at 23:35 on August 2, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Emissions Reduction Fund (ERF) has barely contributed to cutting carbon output since 2017, as over the past 18 months contract terminations have shed almost as much volume from the fund’s portfolio as the Clean Energy Regulator has signed in auctions.

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Australia sees spectacular volume drop at latest ERF auction

Published 10:01 on August 1, 2019  /  Last updated at 10:22 on August 1, 2019  /  Asia Pacific, Australia  /  No Comments

Last week’s Emissions Reduction Fund auction contracted just 59,000 carbon credits from three projects, Australia’s Clean Energy Regulator said Thursday, by far the lowest volume of any of the nine auctions held so far.

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Financial firm pushes for NZ govt to go for Australian carbon credits

Published 12:02 on July 30, 2019  /  Last updated at 12:02 on July 30, 2019  /  Asia Pacific, Australia, New Zealand  /  No Comments

New Zealand should seek a deal where the government could buy Australian carbon credits and auction them off to domestic emitters as part of the strategy to meet its Paris treaty obligations, brokerage OM Financial said Tuesday.

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Australia’s New South Wales threatens to go it alone on climate, energy policy

Published 10:36 on July 30, 2019  /  Last updated at 10:39 on July 30, 2019  /  Asia Pacific, Australia  /  No Comments

New South Wales Energy and Environment Minister Matt Kean on Tuesday said his state might go it alone on a climate policy for the energy sector unless Australia’s federal government steps up, prompting fresh speculation that a state-led initiative to curb emissions might emerge.

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Carbon tax of $200/t would only marginally cut global oil emissions -study

Published 17:44 on July 26, 2019  /  Last updated at 17:44 on July 26, 2019  /  Africa, Americas, Asia Pacific, Australia, Carbon Taxes, EMEA, International, South & Central  /  No Comments

A global CO2 tax of $200 per tonne would only reduce GHGs from oil production by 4% over the next century, as the price would not be high enough to make a large dent in existing and undiscovered reserves, according to new research.

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Australian offset issuance steady, waste and land-based projects dominate

Published 10:19 on July 26, 2019  /  Last updated at 10:19 on July 26, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has distributed nearly 300,000 carbon credits over the past two weeks, as issuance rates return to near average levels.

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Queensland govt announces A$4m in grants for second phase of state carbon fund

Published 12:55 on July 24, 2019  /  Last updated at 12:55 on July 24, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Queensland government has picked another six projects that will receive a total A$4 million ($2.8 mln) in grants under a programme designed to catalyse action and generate carbon credits for the state’s Land Restoration Fund.

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Australia opens ninth ERF auction amid low expectations

Published 09:08 on July 24, 2019  /  Last updated at 00:24 on July 26, 2019  /  Asia Pacific, Australia  /  No Comments

The ninth auction of Australia’s Emissions Reduction Fund (ERF) opened Wednesday, but experts expect the round to produce low volumes at subdued prices.

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Australian carbon credit issuance shrinks below 70k

Published 09:10 on July 12, 2019  /  Last updated at 09:11 on July 12, 2019  /  Asia Pacific, Australia  /  No Comments

Issuance of Australian carbon credits dropped further this week as most project owners had secured offsets before the end of the 2018-19 financial year last month.

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