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Australia’s national park authority earns first carbon credits for controlled fires

Published 10:59 on July 13, 2018  /  Last updated at 16:44 on July 13, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week issued over 77,000 offsets to the Director of National Parks, the first time the federal agency has earned credits for its efforts to control savanna fires.

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NZ Market: NZU bull run continues as permits hit NZ$22 for first time

Published 10:34 on July 13, 2018  /  Last updated at 16:48 on July 13, 2018  /  Asia Pacific, New Zealand  /  No Comments

The price rise in New Zealand’s carbon market continued on Friday as allowances hit the NZ$22 mark for the first time in the market’s 10-year history.

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Sixty NZ businesses to take climate action, cut emissions

Published 10:55 on July 12, 2018  /  Last updated at 10:55 on July 12, 2018  /  Asia Pacific, New Zealand  /  No Comments

Sixty New Zealand companies on Thursday vowed to measure and report their CO2 output and set GHG reduction targets in line with the Paris Agreement, a move that will impact half the nation’s emissions.

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South Korea increases CO2 allocation amid growth prospects for industry

Published 11:53 on July 11, 2018  /  Last updated at 11:53 on July 11, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea on Wednesday released the allocation plan for the second phase of its emissions trading scheme, adding more than 30 million permits annually for industrials to support their short-term growth prospects.

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NZ Market: NZUs extend record highs amid continued supply squeeze

Published 10:02 on July 11, 2018  /  Last updated at 11:29 on July 11, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits jumped to fresh record highs on Wednesday as a lack of available supply continued to raise prices.

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COMMENT: New CDM issuance rules penalise developers and discriminate against smaller companies

Published 23:06 on July 10, 2018  /  Last updated at 23:06 on July 10, 2018  /  Africa, Americas, Asia Pacific, Conversations, EMEA, International, Kyoto Mechanisms, Views  /  No Comments

The UNFCCC’s Clean Development Mechanism (CDM) has enjoyed great success in deploying more than $300 billion of investment into clean technology in developing countries around the world. But recent decisions by the UNFCCC risk alienating may of the companies whose activities support this mechanism and discriminate against smaller enterprises.

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NZ Market: New Zealand carbon extends record high as supply vanishes

Published 07:24 on July 10, 2018  /  Last updated at 22:14 on July 10, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits rose to all-time highs for the third time this year on Tuesday, as a dearth in available supply keeps pushing prices up.

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China CORSIA withdrawal reports inaccurate, official tells media

Published 17:49 on July 9, 2018  /  Last updated at 17:49 on July 9, 2018  /  Asia Pacific, Aviation, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, US, Voluntary Market  /  No Comments

Reports that China has withdrawn from the voluntary first phases of the UN’s CORSIA aviation offsetting scheme are inaccurate, according to a representative of China’s delegation to ICAO.

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Mystery of illegal ozone-depleting emissions solved, say environmental investigators

Published 14:15 on July 9, 2018  /  Last updated at 14:39 on July 9, 2018  /  Americas, Asia Pacific, China, Climate Talks, EMEA, International  /  No Comments

Environmental sleuths have tracked down what they believe is the location of a large illegal source of ozone-destroying emissions.

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New Zealand’s Z Energy seals voluntary carbon deal at above-market price

Published 11:13 on July 9, 2018  /  Last updated at 06:26 on July 10, 2018  /  Asia Pacific, International, New Zealand, Voluntary Market  /  No Comments

New Zealand fuel supplier Z Energy has bought nearly 60,000 voluntary carbon credits at prices higher than in the nation’s mandatory ETS to offset its operational emissions.

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