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Australia sees bump in offset issuance, revokes another ERF project

Published 09:44 on January 24, 2020  /  Last updated at 09:44 on January 24, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week handed out over 400,000 carbon credits, but also revoked a project under contract to deliver almost 350,000 tCO2e worth of abatement, further eroding the impact of the country’s primary climate policy tool.

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World Bank REDD programme adopts changes to align with CORSIA

Published 18:39 on January 23, 2020  /  Last updated at 00:21 on January 24, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The World Bank’s Forest Carbon Partnership Facility (FCPF) has made revisions to its deforestation reduction programme methodology in response to comments from an UN aviation expert panel, with an aim of becoming eligible for the international flight offset programme CORSIA.

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World’s carbon markets grow 34% in value to $215 billion in 2019 -report

Published 21:34 on January 22, 2020  /  Last updated at 11:45 on January 23, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.

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EU chief warns on CO2 border measures, praises California, China

Published 18:53 on January 22, 2020  /  Last updated at 21:16 on January 22, 2020  /  Americas, Asia Pacific, Carbon Taxes, China, EMEA, EU ETS, International, US  /  No Comments

European Commission president Ursula von der Leyen warned on Wednesday that the EU will press ahead with border carbon adjustment plans to protect its industry and workers, but she praised California and China’s carbon pricing efforts that could mean the measures are never needed.

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Blame game ensues in Australia as climate action moment set to pass

Published 10:03 on January 22, 2020  /  Last updated at 00:06 on January 23, 2020  /  Asia Pacific, Australia  /  No Comments

The outlook for Australia to step up efforts on climate change in the wake of the massive forest fires is dimming as the government has shifted focus to hazard prevention and is blaming state agencies for failing in their responsibilities.

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Australia widens scope for animal manure projects to earn offsets

Published 09:44 on January 22, 2020  /  Last updated at 09:45 on January 22, 2020  /  Asia Pacific, Australia, Aviation/CORSIA  /  No Comments

Australia has implemented a new offset method that broadens the scope for pig and dairy farmers to earn carbon credits, the Clean Energy Regulator said Wednesday.

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Australia’s Woodside expects to buy 50 mln offsets for new LNG project

Published 10:14 on January 21, 2020  /  Last updated at 00:56 on January 22, 2020  /  Asia Pacific, Australia  /  No Comments

Australian oil and gas producer Woodside expects to have to buy some 50 million carbon credits over 44 years to offset emissions from its massive Browse LNG project, based on current Safeguard Mechanism regulations.

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Australia’s weekly offset issuance drops below 100k

Published 09:19 on January 17, 2020  /  Last updated at 20:05 on January 17, 2020  /  Asia Pacific, Australia  /  No Comments

After a bumper start to the year, Australia’s Clean Energy Regulator this week handed out only around 60,000 new offsets this week, while the government launched a public consultation on some proposed changes to the carbon credit programme.

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Korean developers lukewarm about China CDM opportunities

Published 10:28 on January 16, 2020  /  Last updated at 02:10 on January 17, 2020  /  Asia Pacific, China, China's Offset Market, International, Kyoto Mechanisms, South Korea  /  No Comments

Major South Korean carbon project developers are dubious to opportunities in China, amid efforts to drum up Korean interest in earning carbon credits from China-based N2O projects.

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NZ Market: NZUs inch to new highs, but observers see volatility ahead

Published 09:38 on January 15, 2020  /  Last updated at 18:04 on January 15, 2020  /  Asia Pacific, New Zealand  /  No Comments

NZUs rose further on Wednesday to extend this week’s record high, but with secondary market prices now 16% above the 2019 Fixed Price Option level some market participants expect increased volatility in the next few months.

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