Latest

Oil and gas firm Woodside launches plan to offset part of its ballooning emissions

Published 12:01 on November 19, 2019  /  Last updated at 12:16 on November 19, 2019  /  Asia Pacific, Australia  /  No Comments

Australian oil and gas producer Woodside Energy on Tuesday announced an offset initiative that will see it eventually buy over 1 million carbon credits annually, though the programme only covers a minor share of the company’s rapidly growing GHG emissions.

Read More
Latest

ANALYSIS: Offset market wary about Australia’s ‘compressed crediting’ drive

Published 11:33 on November 19, 2019  /  Last updated at 11:33 on November 19, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s proposal to award some offset projects credits before emission reductions have taken place could create more problems than it solves and may fail to address fundamental risks, according to market participants.

Read More
Latest

Australia weighs issuing carbon offsets before reductions take place

Published 08:51 on November 18, 2019  /  Last updated at 22:27 on November 18, 2019  /  Asia Pacific, Australia  /  1 Comment

In a clear break with standard practice, Australia’s environment department has proposed rule changes to its carbon offset programme that would allow for ACCUs to be issued and distributed to owners of some vegetation-based projects before the emission reductions have taken place.

Read More
Latest

ANALYSIS: Experts divided on CORSIA aviation offset supply estimates, with CDM renewal risk in focus

Published 20:18 on November 15, 2019  /  Last updated at 20:18 on November 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Experts are differing greatly on the potential supply of eligible carbon credits that could be available under ICAO’s global aviation offset scheme, and specifically on the amount of available CDM units, which are poised to play a key role.

Read More
Latest

Australia to hold next ERF auction on Mar. 25-26, ditch benchmark price

Published 04:26 on November 15, 2019  /  Last updated at 00:43 on November 18, 2019  /  Asia Pacific, Australia  /  No Comments

Australia will hold the next Emissions Reduction Fund auction in March next year, when for the first time the cost-capping benchmark price will be removed, the Clean Energy Regulator said Friday.

Read More
Latest

New Zealand launches consultation on CO2 auctioning, cost containment reserve

Published 13:06 on November 14, 2019  /  Last updated at 23:35 on November 14, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand has launched a public consultation round on the rules for auctioning NZUs and how its cost containment reserve (CCR) will work when it replaces the NZ$25 fixed price option next year.

Read More
Latest

Veteran climate lawyer launches climate investment and advisory business

Published 13:01 on November 13, 2019  /  Last updated at 00:47 on November 13, 2019  /  Americas, Asia Pacific, Australia, Bavardage, International  /  No Comments

A veteran climate policy and carbon market lawyer has launched a climate change advisory and investment business, aiming to raise $3 billion across investment funds to facilitate the transition to a net-zero and climate resilient future.

Read More
Latest

GCF approves funding for host of forest carbon projects

Published 10:05 on November 13, 2019  /  Last updated at 19:40 on November 13, 2019  /  Africa, Americas, Asia Pacific, China, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

The Green Climate Fund board on Wednesday approved $308 million in funding for new projects, of which over 40% will go to forest carbon projects, although the World Bank’s International Finance Corporation withdrew an application for a controversial REDD bond scheme.

Read More
Latest

SK Market: Monthly KAU auction clears at record high

Published 09:10 on November 13, 2019  /  Last updated at 09:33 on November 13, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea’s monthly CO2 allowance auction cleared at a record high 36,850 won ($31.55) Wednesday, even well above the secondary market that had surged 1.7% to fresh highs earlier in the day.

Read More
Latest

NZ Market: Stationary NZUs unable to lose FPO shackles

Published 09:26 on November 12, 2019  /  Last updated at 00:43 on November 13, 2019  /  Asia Pacific, New Zealand  /  No Comments

NZUs remain rangebound near the NZ$25 fixed price option (FPO) level where prices have been stuck for over two months, as many buyers are reluctant to pay a premium for compliance.

Read More

We use cookies to improve your website experience and to analyse our traffic. We also share non-personally identifiable information about your use of our site with our analytics partners. By continuing to use our site, you agree to this. More information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close