Australian initiative aims to reduce offset risk through new standards
A newly formed industry association is planning to develop carbon estimation and reporting standards for vegetation-based carbon credit projects to reduce risk for involved parties and increase confidence for banks lending to project developers.
Read MoreBrokers recommend NZ emitters pay fixed CO2 price, bank allowances
Emitters in the New Zealand ETS should pay the fixed price option for 2018 instead of surrendering permits, brokers OM Financial said Wednesday, in a recommendation that could keep up to 34 million NZUs in the system next year.
Read MoreRevoked project to put further strain on supply-choked Australian offset market
A recently revoked Australian energy efficiency project could add annual demand of upwards of 500,000 tCO2e to meet its contractual obligations to the Emissions Reduction Fund (ERF), stretching the country’s small secondary offset market to the limits of its capacity and likely pushing up prices in the process.
Read MoreAustralia’s ruling Coalition dismisses internal push to put emissions back in energy plan
Australia’s federal government on Wednesday dismissed a push from the New South Wales state energy minister to put a carbon emissions obligation back into the national energy strategy.
Read MoreEU, New Zealand agree to increase cooperation on emissions trading
The EU and New Zealand have agreed to strengthen their bilateral cooperation on emissions trading, their respective climate bosses announced on Monday.
Read MoreBRIEFING – COP24: International emissions trading pilots for the Paris era
A handful of governments and institutions are working to advance international emissions trading activities even as the rules remain unclear as to how those initiatives can be used to help meet the Paris Agreement.
Read MoreOffset purchases drop to new record low in Australia’s latest ERF auction
Australia’s Clean Energy Regulator achieved record low volumes in last week’s Emissions Reduction Fund (ERF) auction, the agency said Monday.
Read MoreCOP24: Divisive Article 6 talks pushed to next COP as nations agree Paris rulebook
Negotiators in Katowice reached agreement on a Paris rulebook late Saturday night, but Article 6 left a gaping hole as a decision on carbon markets was left for the next major round of negotiations in Chile.
Read MoreCOP24: Article 6 talks face postponement to avoid collapse of Paris rulebook -sources
Governments look set to resume talks next year on a framework for international emissions trade under the Paris Agreement’s Article 6, as negotiators seek to postpone the issue rather than risk collapsing the entire Paris rulebook, numerous sources close to the process told Carbon Pulse on Saturday.
Read MoreCOP24: Roundup for Dec. 14, 2018
Numerous delays from ongoing Paris rulebook negotiations have pushed the culmination of the UN climate summit past its scheduled conclusion on Friday, with talks slated to go at least through Saturday morning.
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