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Regulator data shows Australian near-term offset supply sufficient, but question marks ahead

Published 10:23 on October 18, 2019  /  Last updated at 10:23 on October 18, 2019  /  Asia Pacific, Australia  /  No Comments

With more than 5 million carbon credits sitting in the national offset registry, Australian developers are likely able to meet demand for the 2019-20 financial year, but the market could tighten considerably as issuance volume might shrink next year while government demand has yet to peak, Clean Energy Regulator data showed Friday.

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Warning signs for Australia’s offset market despite record issuance

Published 13:28 on October 17, 2019  /  Last updated at 02:39 on October 18, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued a record 13.66 million carbon credits in FY2018-19, according to its annual report released on Thursday, but data also showed that new project development fell by more than 50% while the government’s Emissions Reduction Fund cancelled contracts for more offsets than it signed.

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Australia’s Queensland issues tender for 90,000 ACCUs

Published 09:43 on October 16, 2019  /  Last updated at 09:43 on October 16, 2019  /  Asia Pacific, Australia  /  No Comments

The Queensland government in Australia is looking to buy over 90,000 carbon credits through its CarbonPlus Fund to offset emissions from its vehicle fleet.

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CO2 price could put Australia’s power emissions in line with Paris pact -utility

Published 09:39 on October 16, 2019  /  Last updated at 00:53 on October 17, 2019  /  Asia Pacific, Australia  /  No Comments

Australia needs a carbon price for its electricity sector to ensure continued emission cuts, though the sector could deliver much deeper reductions at only modest cost to consumers, Origin Energy said Wednesday.

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Tax CO2 from largest emitters $75/t by 2030 to avoid 2C temperature rise, says IMF

Published 01:22 on October 11, 2019  /  Last updated at 01:38 on October 11, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

A global temperature rise of 2 degrees C could be avoided if large emitting countries collectively adopt a carbon tax of $75/tonne by 2030, as well as other ambitious actions, according to a report by the International Monetary Fund.

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Australia’s weekly offset issuance tops 460,000 credits

Published 09:45 on October 10, 2019  /  Last updated at 00:14 on October 11, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued over 460,000 carbon credits this week, surpassing 12 million offsets in 2019 as vegetation and waste projects continue to dominate the programme.

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Australia’s Woodside Energy signs carbon offset project deal

Published 15:03 on October 9, 2019  /  Last updated at 00:01 on October 10, 2019  /  Asia Pacific, Australia  /  No Comments

Oil and gas company Woodside Energy has teamed up with environmental firm Greening Australia to carry out a large-scale tree planting project that is expected to generate 1 million offsets over the next 25 years.

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Article 6 failure at COP25 could force bilateral carbon market links, experts say

Published 04:23 on October 9, 2019  /  Last updated at 00:48 on October 10, 2019  /  Asia Pacific, Australia, Climate Talks, International, New Zealand, Other APAC  /  No Comments

Failure to agree on rules for Article 6 at this year’s UN climate talks in Chile could see countries like Australia and New Zealand forging their own bilateral links to get access to the international credits they need to fulfil their Paris Agreement pledges, market experts warned Wednesday.

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ICAO moves toward long-term GHG goal, CORSIA launch despite opposition from 25 nations

Published 23:44 on October 4, 2019  /  Last updated at 20:23 on October 7, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

ICAO’s Assembly on Friday backed the progression of work on setting a long-term emissions target for aviation and to advance the UN body’s CORSIA global offsetting mechanism towards operationalisation, though a fifth of the countries in attendance voted against the two resolutions in a surprise secret ballot.

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CARBON FORWARD 2019 – UK climate minister Duncan to deliver keynote speech

Published 11:13 on October 2, 2019  /  Last updated at 22:57 on October 2, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Bavardage, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

**THIS IS A FREE ARTICLE** – Survive and thrive in carbon markets by joining us at the 4th annual CARBON FORWARD conference & training day where we will be joined by the pre-eminent experts to discuss a programme developed by environmental market experts and based on feedback from companies like yours.

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