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Australian investors team up to drive deep carbon cuts

Published 03:00 on October 14, 2020  /  Last updated at 03:00 on October 14, 2020  /  Asia Pacific, Australia  /  No Comments

A group of 16 Australian institutional investors have banded together to help drive a 45% drop in national greenhouse gas emissions by 2030, a move that would set the country on a path to reaching net zero by mid-century and cut carbon by 230 million tonnes of CO2e per year beyond the government’s target at the end of this decade.

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Huge CO2 cuts needed promptly to hit net zero emissions by 2050 -IEA

Published 09:34 on October 13, 2020  /  Last updated at 18:22 on October 13, 2020  /  Africa, Americas, Asia Pacific, China, EMEA, International  /  No Comments

Global CO2 emissions must be reduced by around 45% over the next decade compared to a business-as-usual scenario to put the world on track to achieving net zero emissions by mid-century, according to the IEA.

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Upping Australia’s climate target would unlock vast investment potential, boost offset outlook -report

Published 14:01 on October 11, 2020  /  Last updated at 13:55 on October 9, 2020  /  Asia Pacific, Australia  /  No Comments

Australia setting a climate target in line with the Paris Agreement would create A$63 billion ($45.3 bln) worth of investment opportunities by 2025, with more than half of that tied to carbon sequestration and the offset market, according to a report released Monday.

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Australia Market Roundup: Issuance slows, CDM deadlock could shift voluntary dynamics

Published 11:51 on October 9, 2020  /  Last updated at 11:51 on October 9, 2020  /  Asia Pacific, Australia, International, Voluntary Market  /  No Comments

Australian carbon credit issuances slowed to just over 250,000 units this week, while a UN impasse over the future of the CDM could have major impacts on Australia’s voluntary emissions market.

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Govt agency seeks to temper Australia’s Safeguard Mechanism crediting plans

Published 09:53 on October 9, 2020  /  Last updated at 09:53 on October 9, 2020  /  Asia Pacific, Australia  /  No Comments

Australia should impose clear restrictions if it moves ahead with crediting Safeguard Mechanism entities for emissions reductions, the Climate Change Authority (CCA) said Friday, aiming not to harm the offset market. 

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ANALYSIS: With millions at stake, Korean offset investors sweat over CDM impasse

Published 11:09 on October 8, 2020  /  Last updated at 23:35 on October 8, 2020  /  Asia Pacific, International, Kyoto Mechanisms, South Korea, Voluntary Market  /  No Comments

South Korean investors in projects expected to import tens of millions of carbon credits are tying their fortunes to a UN body that has so far dodged a decision on keeping Clean Development Mechanism (CDM) units flowing beyond this year.

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Australia’s support for Pacific carbon markets falls short, group says

Published 09:57 on October 7, 2020  /  Last updated at 15:24 on October 7, 2020  /  Asia Pacific, Australia, International, Other APAC, Voluntary Market  /  No Comments

Australia’s 2020-21 budget includes a modest amount for supporting ocean and forest-based carbon activities in the Pacific region, but the government should do more, an industry group said Wednesday.

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NZ Market: NZUs slink to 3-week low as floor price tempers demand

Published 10:28 on October 6, 2020  /  Last updated at 23:22 on October 6, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances notched their sixth consecutive session of losses on Tuesday as the NZ$35 fixed price option (FPO) curbs appetite to buy at or above that level.

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UN board dodges decision on ‘back door’ CDM extension into Paris era

Published 22:56 on October 5, 2020  /  Last updated at 06:48 on October 6, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Carbon Taxes, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, New Market Mechanisms, South Korea, Voluntary Market  /  No Comments

A move to block CDM post-2020 carbon offset activity looks set to go to the wire as officials on Monday opted to postpone until December a decision seen as a ‘back door’ threat to the UN mechanism.

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Big returns and little correlation to other markets make carbon a hot investment, analysis finds

Published 23:49 on October 2, 2020  /  Last updated at 16:30 on October 5, 2020  /  Americas, Asia Pacific, Canada, China, EMEA, EU ETS, International, US  /  No Comments

Carbon boasts some impressive historical returns compared to other asset classes, while showing little correlation to other markets, an analysis has found.

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