Credit use flat in meeting emissions reductions, Australian regulator finds
The latest report on emissions reduction by Australia’s Clean Energy Regulator (CER) found gross emissions are falling faster than net emissions and renewable energy generation is increasing, but the use of carbon credits is ‘flat’, balanced out by greater use of international credits and less of Australian Carbon Credit Units (ACCUs), which is “trending downwards”.
Read MoreSoutheast Asian power demand, emissions set to rapidly rise, IEA says
Southeast Asia is one of the world’s most power hungry regions, with sectoral demand and emissions set to rise faster than in the past without significant decarbonisation and clean energy expansion, a new report from the International Energy Agency (IEA) said Tuesday.
Read MoreAPAC carbon credit supplier calling for premium to ACCUs in upcoming offer round
An Asia Pacific carbon credit supplier is offering credits for bidding at a significant near-50% premium over generic Australian Carbon Credit Units (ACCUs).
Read MoreCoal mine emissions reporting change will squeeze ACCU market, report says
Changes to the Safeguard Mechanism reporting methods in Australia will hit the nation’s coal mines and their new methane emissions calculations, which is likely to eventually drive up the price of Australian Carbon Credit Units (ACCUs), according to analysis published Tuesday.
Read MoreIndonesia’s new president stresses need for energy security, domestic biofuels
Indonesia will work to enhance its food and energy security with a place for coal in the energy mix, incoming President Prabowo Subianto said in his inauguration speech Sunday, after winning the election in February.
Read MoreSeaweed company plans for J-Blue credit issuance by next year
A Japanese blue carbon hopeful has set its sights on Dec. 2025 as the date by which it expects to gain J Blue credit certification for its seaweed farming project, though has made no mention of the numbers of credits it plans to generate.
Read MoreJapanese gas partners sign on for CCS study
Japan’s largest LNG developer has partnered with a local power company for a joint study on capturing post-combustion CO2 in Japan for transport to Australia for permanent sequestration.
Read MoreBiomethane only set to grow, but policy and better prices needed -consultancy
Biomethane could seriously help decarbonise energy and the world’s gas supply, given it is considered a low-carbon source on a net lifecycle basis, but policy, incentives, and pricing need to improve, an energy consultancy said this week.
Read MoreAustralian CCS project set to start earning ACCUs
Australia’s second-largest carbon capture and storage (CCS) project has started up in the remote desert of the Cooper Basin and is set to earn 250,000 Australian Carbon Credit Units (ACCUs) by the end of the year.
Read MoreElectricity demand set to rise, but renewable installation must keep pace, flagship IEA report warns
Low-emissions technology, both new renewables and recently resurgent nuclear, will generate half the world’s power demand by 2030, yet without investment in electricity grids in particular, global warming is headed for 2.4C above pre-industrial temperatures by the end of the century, according to the International Energy Agency’s (IEA’s) World Energy Outlook (WEO) on Wednesday.
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