Resources boom makes Australia world’s third-biggest exporter of fossil fuel CO2 -report
Australia’s massive and increasing fossil fuel industry has made it the world’s third-biggest exporter of carbon emissions, with its share set to rise further without new government policies, a report said Monday.
Read MoreAustralian offset issuance drops, but ERF delivery holds steady
Australia’s Clean Energy Regulator issued just over 190,000 carbon credits this week, just a third of last week’s volume but close to the long-term average.
Read MoreAustralia announces Pacific climate aid package but struggles to convince
Australia this week will detail a A$500 million ($338 mln) climate aid package for the Pacific, Prime Minister Scott Morrison announced Tuesday, although observers were left unconvinced as long as Australia does nothing to stem its own rising GHG emissions.
Read MoreCARBON FORWARD 2019 – Stick or twist: investors came to the EU ETS, but will they go?
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Read MoreAustralia’s weekly offset issuance triples as landfill projects claim credits
Australia’s carbon credit issuance ballooned this week, with the Clean Energy Regulator handing out over 580,000 offsets and landfill projects claiming the vast majority.
Read MoreChevron finally launches carbon capture at Australian Gorgon LNG project
Energy major Chevron on Thursday announced it has started injecting CO2 underground from its Gorgon LNG plant in Western Australia, nearly three years after the project was meant to commence and likely limiting its demand for carbon credits to offset emissions.
Read MoreAustralian developer offers cash prize for soil carbon projects
Project developer AgriProve is offering a cash prize to farmers who come up with high quality soil carbon projects as part of a A$150 million ($102 mln) budget to help drive new sector activity in the Australian carbon market.
Read MoreAustralia’s ERF at standstill as contract terminations cancel out new deals
Australia’s Emissions Reduction Fund (ERF) has barely contributed to cutting carbon output since 2017, as over the past 18 months contract terminations have shed almost as much volume from the fund’s portfolio as the Clean Energy Regulator has signed in auctions.
Read MoreAustralia sees spectacular volume drop at latest ERF auction
Last week’s Emissions Reduction Fund auction contracted just 59,000 carbon credits from three projects, Australia’s Clean Energy Regulator said Thursday, by far the lowest volume of any of the nine auctions held so far.
Read MoreFinancial firm pushes for NZ govt to go for Australian carbon credits
New Zealand should seek a deal where the government could buy Australian carbon credits and auction them off to domestic emitters as part of the strategy to meet its Paris treaty obligations, brokerage OM Financial said Tuesday.
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