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Voluntary offset prices flat in 2019 amid scramble for cheap renewable units -report

Published 21:38 on September 23, 2020  /  Last updated at 09:05 on September 24, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Voluntary carbon credit prices flatlined in 2019 amid increased transactions, as new buyers rushed to buy cheap renewables-sourced units ahead of this year’s cut-off for registering many clean energy projects.

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ANALYSIS: Can Australia make its massive soil carbon plan work?

Published 09:43 on September 23, 2020  /  Last updated at 22:25 on September 23, 2020  /  Asia Pacific, Australia, International, Voluntary Market  /  No Comments

Australia has announced plans to use its offset market to cut a staggering 35-90 MtCO2e worth of emissions every year through soil carbon projects, but even if the technological challenges are overcome, who will buy all those credits?

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Australian offset issuance picks up after slow period

Published 10:16 on September 22, 2020  /  Last updated at 21:52 on September 23, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator last week issued over 520,000 new carbon credits, after doling out just a total 30,000 over the previous two weeks amid ERF auction preparations.

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South Korean firm strikes rare China CDM deal

Published 08:43 on September 22, 2020  /  Last updated at 12:13 on September 22, 2020  /  Asia Pacific, China, China's Offset Market, International, Kyoto Mechanisms, South Korea  /  No Comments

A South Korean firm has struck a rare deal with a Chinese petrochemical group that will see the two launch a Clean Development Mechanism (CDM) project to generate carbon credits eventually eligible for compliance use in the South Korean emissions trading scheme.

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Australia outlines A$18 bln technology roadmap to cut carbon emissions

Published 05:30 on September 22, 2020  /  Last updated at 21:55 on September 23, 2020  /  Asia Pacific, Australia  /  No Comments

Australia on Tuesday outlined a plan to invest around A$18 billion ($13 bln) over the next decade in five technologies it says will drive GHG emissions cuts, but Energy Minister Angus Taylor refused to consider increasing the nation’s emissions targets.

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CO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report

Published 23:00 on September 21, 2020  /  Last updated at 23:00 on September 21, 2020  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Net zero emissions pledges are ramping up but in subnational jurisdictions and among companies, but the ultimate scope of these efforts could determine their long-term effectiveness in reducing GHG, according to new analysis published Monday. 

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Australians found guilty of REDD credit tax evasion scheme

Published 11:52 on September 21, 2020  /  Last updated at 16:43 on September 21, 2020  /  Asia Pacific, Australia, International, Other APAC, REDD, Voluntary Market  /  No Comments

Australia’s federal court has found three men guilty of promoting tax avoidance over the years 2009-12 through a scheme that convinced clients to buy non-issued forest protection carbon credits by promising the investments would be tax deductible.

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Top economist says South Australia should join California ETS

Published 11:51 on September 18, 2020  /  Last updated at 00:05 on September 19, 2020  /  Americas, Asia Pacific, Australia, Canada, US  /  No Comments

The state of South Australia should seek to join California’s emissions trading scheme or form a domestic carbon market in order to generate and sell offsets from greenhouse gases stored in soil or water, one of the nation’s most prominent economists has recommended in a government-commissioned report.

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Carbon neutral LNG faces uphill battle in China, gas distributor says

Published 10:38 on September 18, 2020  /  Last updated at 00:19 on September 19, 2020  /  Asia Pacific, Carbon Taxes, CBAM, China, China's Offset Market, International, Voluntary Market  /  No Comments

The recent failure to fetch any premium at China’s first-ever carbon neutral LNG auction shows market appetite is still low, but upstream suppliers can help by improving their information disclosure, according to a report released by a state-owned gas distributor.

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Volumes rise at Australia ERF auction, but prices see slight drop

Published 01:55 on September 18, 2020  /  Last updated at 00:25 on September 19, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Emissions Reduction Fund committed to buy more carbon credits than at any sale since Dec. 2017 at its auction last week, though the price came down somewhat from the record level at the March event, Clean Energy Regulator data showed Friday.

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