South Korea’s GHG emissions inch higher
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.
Read MoreWaste coal mine gas operator off mark in latest Australian offset issuance
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.
Read MoreEnding free ETS allocation could boost New Zealand revenue NZ$2.1b/year
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.
Read MoreAustralian business group seeks to keep climate issues out of EU trade talks
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.
Read MoreEV coalition launches voluntary offset methodology to fund infrastructure
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.
Read MoreSouth Korea’s ETS worth $1.54 bln in first three years
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.
Read MoreAustralia to hold next ERF auction on Dec. 10-11
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.
Read MoreCOMMENT: Why NZ’s ETS should have an auction reserve price
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.
Read MoreCARBON FORWARD 2018: Will international carbon trade thrive under the Paris Agreement?
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.
Read MoreFew countries are pricing carbon high enough to meet Paris Agreement targets -OECD
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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