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SK Market: KAUs extend losses as reality of market fundamentals dawns

Published 12:45 on July 7, 2020  /  Last updated at 23:31 on July 7, 2020  /  Asia Pacific, South Korea  /  No Comments

Carbon permits in South Korea’s emissions trading scheme saw a fourth consecutive session of losses on Tuesday as traders increasingly realise the COVID-19 driven economic downturn means the market will be oversupplied for the foreseeable future.

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Australian coal mine power stations earn over 300k carbon credits

Published 10:45 on July 7, 2020  /  Last updated at 23:27 on July 7, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has awarded over 300,000 carbon credits to three coal mine methane power stations in its latest offset issuance, which topped 550,000 units in total.

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New Zealand coalition partner moves to limit forest carbon

Published 10:06 on July 6, 2020  /  Last updated at 13:48 on July 6, 2020  /  Asia Pacific, New Zealand  /  No Comments

The biggest of New Zealand’s government coalition partners has pledged to revise legislation to limit the conversion of productive farmland to forests if it remains in power after September’s election.

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SK Market: KAUs drop to 10-month low on sentiment, steady supply

Published 09:36 on July 3, 2020  /  Last updated at 08:03 on July 10, 2020  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances on Friday fell below the 30,000-won mark for the first time since last September, as a bearish outlook and a steady stream of supply weigh on prices.

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Reported Japan coal shutdown could make major dent in CO2 emissions

Published 11:23 on July 2, 2020  /  Last updated at 22:33 on July 2, 2020  /  Asia Pacific, Japan  /  No Comments

Japan is planning to close or mothball up to 100 coal-fired power plants, according to unconfirmed media reports Thursday, a move observers say could slash the nation’s CO2 emissions by as much as 9%.

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Australia eases path for plantation forest carbon projects in five regional hubs

Published 02:15 on July 2, 2020  /  Last updated at 22:37 on July 2, 2020  /  Asia Pacific, Australia  /  No Comments

Australia has made it easier for plantation forests in high rainfall areas across five regional hubs to register as offset schemes and earn carbon credits under the country’s Carbon Farming Initiative.

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Australia’s Kyoto Protocol AAU surplus balloons to 430 mln

Published 09:11 on July 1, 2020  /  Last updated at 09:11 on July 1, 2020  /  Asia Pacific, Australia, International, Kyoto Mechanisms  /  No Comments

Australia has amassed a total 430 million surplus Kyoto Protocol units, the government said Wednesday as the nation’s commitments under the treaty ended June 30, more than sufficient to prop up any shortfall in meeting its Paris Agreement targets.

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ICAO Council drops 2020 from emissions baseline for CORSIA’s pilot phase

Published 22:47 on June 30, 2020  /  Last updated at 00:22 on July 1, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

ICAO’s Council on Tuesday agreed to omit 2020 from the carbon neutral growth baseline during the international aviation offset programme CORSIA’s first three years, while leaving the door open for the UN body’s Assembly to make that change for the entire 15-year duration of the scheme.

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Australian savanna burning projects earn 420,000 carbon credits

Published 10:33 on June 30, 2020  /  Last updated at 22:52 on June 30, 2020  /  Asia Pacific, Australia  /  No Comments

Project developers ALFA have received around 420,000 carbon offsets in the Clean Energy Regulator’s latest credit issuance for two programmes in Australia’s Northern Territory aimed at reducing the risk of late dry season wildfires.

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NZ Market: NZUs rise to new record high as sellers remain reluctant

Published 07:16 on June 30, 2020  /  Last updated at 12:33 on June 30, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose to record highs on Tuesday as available supply remains modest and traders fix their eyes on 2021 market dynamics.

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