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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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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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Australia’s biggest emitter launches carbon neutral product

Published 03:29 on June 30, 2020  /  Last updated at 12:30 on June 30, 2020  /  Asia Pacific, Australia, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

Australia’s biggest emitter on Tuesday announced the launch of a carbon neutral electricity product that will offer offset-backed power to customers, and it plans to roll out similar options across its entire product portfolio.

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Australia’s ERF to pilot advance purchases of ACCUs from soil carbon projects

Published 09:00 on June 25, 2020  /  Last updated at 10:58 on June 25, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Emissions Reduction Fund (ERF) will pilot buying offsets up front from soil carbon projects in a bid to help farmers overcome high initial costs.

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Australian soil carbon company gets government funding

Published 05:12 on June 25, 2020  /  Last updated at 08:54 on June 25, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Finance Corp. has invested A$1.7 million ($1.2 mln) in a start-up firm seeking to improve soil carbon technology to help sequester carbon and offer farmers a technological solution to participate in emissions markets.

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Australia opposition party says wants bilateral mechanism on energy, climate

Published 09:25 on June 24, 2020  /  Last updated at 00:38 on June 25, 2020  /  Asia Pacific, Australia  /  No Comments

Australian Labor party leader Anthony Albanese on Wednesday said he would seek to negotiate with the Coalition government a flexible energy policy ‘mechanism’ that could drive emission reductions, and that his party would support offsetting for CCS projects in return for continued financial support for the renewable energy sector.

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Australian developer begins delivery on ERF contract after four years

Published 10:54 on June 23, 2020  /  Last updated at 10:54 on June 23, 2020  /  Asia Pacific, Australia  /  No Comments

An Australian project developer has delivered the first batch of carbon credits under one of the biggest contracts for the government’s Emissions Reduction Fund (ERF), nearly four years after the deal was signed.

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Pandemic impact to hit ETS prices for 2 years, voluntary market more resilient -survey

Published 08:00 on June 23, 2020  /  Last updated at 17:16 on June 24, 2020  /  Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's National ETS, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The COVID-19 pandemic is likely to weigh on ETS prices worldwide for the next two years, with price expectations for the coming decade also dropping, according to an annual survey of carbon market participants and observers published on Tuesday.

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Global energy emissions growth sees dip in 2019 as coal’s role fades -BP

Published 10:33 on June 17, 2020  /  Last updated at 01:58 on June 18, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Global CO2 emissions from energy use grew by 0.5% in 2019, only partially unwinding the unusually strong 2.1% rise in 2018, oil major BP said in its annual energy review published on Wednesday.

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