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ANALYSIS: Can Australia make its massive soil carbon plan work?

Published 09:43 on September 23, 2020  /  Last updated at 22:25 on September 23, 2020  /  Asia Pacific, Australia, International, Voluntary Market  /  No Comments

Australia has announced plans to use its offset market to cut a staggering 35-90 MtCO2e worth of emissions every year through soil carbon projects, but even if the technological challenges are overcome, who will buy all those credits?

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Australian offset issuance picks up after slow period

Published 10:16 on September 22, 2020  /  Last updated at 21:52 on September 23, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator last week issued over 520,000 new carbon credits, after doling out just a total 30,000 over the previous two weeks amid ERF auction preparations.

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Australia outlines A$18 bln technology roadmap to cut carbon emissions

Published 05:30 on September 22, 2020  /  Last updated at 21:55 on September 23, 2020  /  Asia Pacific, Australia  /  No Comments

Australia on Tuesday outlined a plan to invest around A$18 billion ($13 bln) over the next decade in five technologies it says will drive GHG emissions cuts, but Energy Minister Angus Taylor refused to consider increasing the nation’s emissions targets.

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CO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report

Published 23:00 on September 21, 2020  /  Last updated at 23:00 on September 21, 2020  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Net zero emissions pledges are ramping up but in subnational jurisdictions and among companies, but the ultimate scope of these efforts could determine their long-term effectiveness in reducing GHG, according to new analysis published Monday. 

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Australians found guilty of REDD credit tax evasion scheme

Published 11:52 on September 21, 2020  /  Last updated at 16:43 on September 21, 2020  /  Asia Pacific, Australia, International, Other APAC, REDD, Voluntary Market  /  No Comments

Australia’s federal court has found three men guilty of promoting tax avoidance over the years 2009-12 through a scheme that convinced clients to buy non-issued forest protection carbon credits by promising the investments would be tax deductible.

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Top economist says South Australia should join California ETS

Published 11:51 on September 18, 2020  /  Last updated at 00:05 on September 19, 2020  /  Americas, Asia Pacific, Australia, Canada, US  /  No Comments

The state of South Australia should seek to join California’s emissions trading scheme or form a domestic carbon market in order to generate and sell offsets from greenhouse gases stored in soil or water, one of the nation’s most prominent economists has recommended in a government-commissioned report.

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Volumes rise at Australia ERF auction, but prices see slight drop

Published 01:55 on September 18, 2020  /  Last updated at 00:25 on September 19, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Emissions Reduction Fund committed to buy more carbon credits than at any sale since Dec. 2017 at its auction last week, though the price came down somewhat from the record level at the March event, Clean Energy Regulator data showed Friday.

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Australia technology finance package to prop up soil carbon, CCS

Published 03:18 on September 17, 2020  /  Last updated at 22:38 on September 17, 2020  /  Asia Pacific, Australia  /  No Comments

Australia on Thursday announced a A$1.9 billion ($1.4 bln) funding package for low-carbon technology development that will divert funds from renewables into hydrogen, soil carbon, and CCS, while also seeking to boost the domestic offset market.

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Thirteen global airlines commit to 2050 net zero emissions

Published 21:52 on September 11, 2020  /  Last updated at 23:29 on September 11, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The Oneworld airline alliance has pledged to achieve carbon neutrality by mid-century, with several major carriers joining other member companies that had already announced similar emissions goals.

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BHP Billiton updates climate targets, eyes REDD+ credits

Published 07:42 on September 11, 2020  /  Last updated at 00:47 on September 16, 2020  /  Asia Pacific, Australia, International, REDD, Voluntary Market  /  No Comments

Australia-headquartered mining firm BHP Billiton on Friday announced new medium-term emissions targets and said it is in the process of acquiring more carbon credits from two REDD+ projects as part of its new offset strategy.

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