Several states postpone CORSIA reporting deadline as virus-decimated airlines plea for changes
At least three large nations have postponed CORSIA deadlines for their airlines to report 2019 emission data due to coronavirus disruptions, even as auditors insisted on Thursday that the checks can be completed with little difficulty.
Read MoreAustralia issues 710k new carbon credits amid virus crisis
Australia’s Clean Energy Regulator this week issued almost 710,000 new carbon credits, a big increase from recent weeks despite agency staff mostly working from home due to the COVID-19 outbreak.
Read MoreAustralia pays highest prices yet in latest ERF auction, but volumes remain low
Australia’s Clean Energy Regulator paid a record A$16.14/tonne in the latest Emissions Reduction Fund (ERF) auction, but volume remained low and most of it was signed as optional contracts.
Read MoreCarbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown
*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.
Read MoreSoil carbon advances in Australia as overall offset issuance slows
Australia’s Clean Energy Regulator this week issued its second-ever batch of carbon credits to a soil carbon project and registered two others, while the overall number of new offsets and deliveries to the ERF fell.
Read MoreAustralia’s Woodside defers decision on major LNG projects amid virus impact
Woodside Energy will defer until next year investment decisions on three major LNG projects in Western Australia, for which the company has said it expects to have to buy tens of millions of carbon offsets over the next few decades.
Read MoreAustralia’s Safeguard emissions rise again, offset use falls
Emissions from facilities covered by Australia’s Safeguard Mechanism rose again in 2018-19, Clean Energy Regulator data showed Thursday, but the need to use offsets to meet targets fell by a quarter as baselines under the scheme grew increasingly generous.
Read MoreAustralia’s 10th ERF auction begins amid lukewarm interest
Australia’s Clean Energy Regulator opened the latest two-day auction under the Emissions Reduction Fund on Wednesday, but with little indication of a resurgence in interest from project developers.
Read MoreEmissions trading expands globally on more climate ambition -report
Emissions trading systems covered just under 9% of the world’s total GHG emissions in 2020, increasing their global coverage as climate ambition grows and governments consider net zero emission targets, a report published on Tuesday found.
Read MoreReview nixes easier access to carbon cash for Australian coal stations
Australia should not make it easier for coal-fired power stations to earn carbon credits, even though that may rule out supporting genuine efforts to reduce emissions in some cases, an advisory committee to the government has said.
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