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South Korea’s GHG emissions inch higher

Published 12:16 on September 21, 2018  /  Last updated at 12:19 on September 21, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea’s GHG emissions rose 0.2% in 2016 to 694.1 MtCO2e, primarily due to an increase in energy-related emissions, the government announced Friday.

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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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Ending free ETS allocation could boost New Zealand revenue NZ$2.1b/year

Published 11:51 on September 21, 2018  /  Last updated at 11:53 on September 21, 2018  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government could see a NZ$2.1 billion ($1.4 bln) bump in revenue if it brought agriculture into its emissions trading scheme and phased out all free allocation of carbon permits, according to the government-appointed Tax Working Group.

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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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EV coalition launches voluntary offset methodology to fund infrastructure

Published 16:40 on September 20, 2018  /  Last updated at 16:45 on September 20, 2018  /  Americas, Asia Pacific, EMEA, International, US, Voluntary Market  /  No Comments

A joint project between US electric vehicle (EV) stakeholders, an advisory firm, and an offset registry has yielded a new offset methodology to produce voluntary carbon credits from EV charging and help foster the growth of the sector.

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South Korea’s ETS worth $1.54 bln in first three years

Published 14:00 on September 20, 2018  /  Last updated at 14:58 on September 20, 2018  /  Asia Pacific, South Korea  /  No Comments

Trading volumes in South Korea’s emissions trading scheme doubled in each of the programme’s first three years, with its overall value hitting 1.72 trillion won ($1.54 billion) despite the market being long 0.96% over the period, the government said.

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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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COMMENT: Why NZ’s ETS should have an auction reserve price

Published 00:24 on September 19, 2018  /  Last updated at 00:24 on September 19, 2018  /  Asia Pacific, Conversations, New Zealand, Views  /  No Comments

Emission prices have since recovered but no one knows if this will last. With consultation underway on improving the New Zealand Emissions Trading Scheme (NZ ETS), the government should seriously consider a “price floor” to rebuild confidence in low-emission investment.

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CARBON FORWARD 2018: Will international carbon trade thrive under the Paris Agreement?

Published 18:46 on September 18, 2018  /  Last updated at 22:33 on September 19, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

The world’s biggest carbon offset market is set to sunset in 2020, with governments at odds over how the UN CDM’s thousands of projects and billions of carbon credits should be subsequently treated under Article 6 of the Paris Agreement.

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Few countries are pricing carbon high enough to meet Paris Agreement targets -OECD

Published 16:43 on September 18, 2018  /  Last updated at 01:43 on September 19, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International  /  No Comments

Governments need to raise carbon prices much faster if they are to meet their commitments on cutting emissions and slowing the pace of climate change under the Paris Agreement, according to a report released by the OECD on Tuesday.

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