Warning signs for Australia’s offset market despite record issuance

Published 13:28 on October 17, 2019  /  Last updated at 02:39 on October 18, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued a record 13.66 million carbon credits in FY2018-19, according to its annual report released on Thursday, but data also showed that new project development fell by more than 50% while the government’s Emissions Reduction Fund cancelled contracts for more offsets than it signed.

Australia’s Clean Energy Regulator issued a record 13.66 million carbon credits in FY2018-19, according to its annual report released on Thursday, but data also showed that new project development fell by more than 50% while the government’s Emissions Reduction Fund cancelled contracts for more offsets than it signed.

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