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Australia’s voluntary market sees strong growth from low base, data shows

Published 03:39 on November 25, 2020  /  Last updated at 14:02 on November 25, 2020  /  Asia Pacific, Australia  /  No Comments

Voluntary cancellations of Australian carbon credits in Q3 were 63% higher year-on-year, though numbers remain modest amid competition from international units and renewable energy credits.

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Australia Market Roundup: Victoria announces carbon sequestration cash, ERF delivery holds steady

Published 12:28 on November 24, 2020  /  Last updated at 22:44 on November 24, 2020  /  Asia Pacific, Australia  /  No Comments

The Victoria state government on Tuesday announced A$92 million ($68 mln) over 16 years for a land-based carbon sequestration programme, while new Clean Energy Regulator data shows developers continue to sell well over a million offsets per month to the federal government.

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Researchers create improved model to predict EUA prices, guide low-carbon investment

Published 01:13 on November 14, 2020  /  Last updated at 01:17 on November 14, 2020  /  Asia Pacific, Australia, EMEA, EU ETS  /  No Comments

Researchers in Australia say they have created an improved model to predict the future price of carbon allowances in the EU ETS and to use that data to guide corporate decarbonisation investment decisions.

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Australia Market Roundup: ACCU issuance comes back to normal levels

Published 10:19 on November 13, 2020  /  Last updated at 00:10 on November 14, 2020  /  Asia Pacific, Australia  /  No Comments

Distribution of Australian carbon credits returned to regular levels this week after a busier period, while experts told a webinar they expect any crediting under the Safeguard Mechanism to face restrictions.

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Audio recordings of Carbon Pulse’s side events at the ICAP-IETA Carbon Markets Virtual Pavilion

Published 16:46 on November 12, 2020  /  Last updated at 17:37 on November 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, Dialogue, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Here is a summary of Carbon Pulse’s free side events at this week’s IETA-ICAP Carbon Markets Virtual Pavilion, along with links to the audio recordings. (Video recordings not available to due to file size considerations)

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Australia’s Woodside eyes large-scale offset portfolio to meet emissions target

Published 09:44 on November 11, 2020  /  Last updated at 23:25 on November 11, 2020  /  Asia Pacific, Australia  /  No Comments

Oil and gas firm Woodside told investors on Wednesday it aims to develop a large-scale carbon offset portfolio to 2030 to meet new emissions targets, and has identified the potential to store as much as 3.4 billion tonnes of CO2e underground.

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Australian MP introduces net zero emissions bill as climate pressure mounts on govt

Published 02:33 on November 9, 2020  /  Last updated at 09:31 on November 9, 2020  /  Asia Pacific, Australia  /  No Comments

Independent MP Zali Steggall on Monday was set to introduce a bill that would commit Australia to net zero emissions by 2050 just as international focus on the nation’s climate policy is increasing after Joe Biden’s US election win.

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Australia Market Roundup: ERF delivery surpasses 60 Mt, issuance levels at full steam

Published 11:59 on November 6, 2020  /  Last updated at 11:59 on November 6, 2020  /  Asia Pacific, Australia  /  No Comments

Offset deliveries to Australia’s Emissions Reduction Fund (ERF) has now surpassed 60 million units, according to Clean Energy Regulator data, while the recent high ACCU issuance levels continued this week.

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Australia Market Roundup: ACCU issuance sees big bump, BP to repurpose refinery

Published 09:11 on October 30, 2020  /  Last updated at 21:52 on October 30, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator tripled the number of carbon credits issued this week as a handful of projects applied for large amounts, while oil firm BP said it will wind down refining activities at a big-emitting facility in Western Australia.

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No emissions target would be worst option for Australian industry -report

Published 10:56 on October 28, 2020  /  Last updated at 23:09 on October 28, 2020  /  Asia Pacific, Australia  /  No Comments

Deferring a carbon emissions target for Australia’s industry by another decade would be the sector’s worst option, a report released Wednesday said, adding the country’s Safeguard Mechanism could be the ideal lever to decarbonise the sector.

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