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Australia Market Roundup: ACCU issuances balloon, as EnergyAustralia pledges to offset emissions from new plant

Published 13:06 on May 4, 2021  /  Last updated at 13:09 on May 4, 2021  /  Asia Pacific, Australia  /  No Comments

Newly minted carbon credits rose to over 660,000 in the Clean Energy Regulator’s latest batch, while offset demand is set to increase after EnergyAustralia on Tuesday promised to offset all emissions from a new gas-fired power plant.

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New Paris climate pledges to help cut projected warming to 2.4C -scientists

Published 11:54 on May 4, 2021  /  Last updated at 11:54 on May 4, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, US  /  No Comments

The new climate pledges announced during April’s US-led climate summit are projected to put the world on track for global warming of 2.4C above pre-industrial levels, a report published Tuesday showed, reflecting a drop from 2.6C previously but still far off the Paris Agreement’s 1.5-2C goals.

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Santos, Eni eye offset generation from carbon capture in Timor-Leste

Published 12:16 on May 3, 2021  /  Last updated at 12:16 on May 3, 2021  /  Asia Pacific, Australia, Other APAC, Voluntary Market  /  No Comments

Australia’s Santos and Italy-headquartered Eni will investigate introducing CCS at a gas field in Timor-Leste that could store CO2 imported from Australia, generating carbon credits in the process, they announced Monday.

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Germany, Russia sign MoU to ship hydrogen via controversial gas pipeline

Published 18:28 on April 30, 2021  /  Last updated at 18:31 on April 30, 2021  /  Africa, Americas, Asia Pacific, Australia, China, EMEA, International, Middle East, New Zealand, South & Central, South Korea, Switzerland, US  /  No Comments

Germany and Russia have signed a €2 billion memorandum of understanding (MoU) to leverage the controversial gas pipeline Nord Stream 2 for the eventual distribution of hydrogen, even as the European Parliament called for the project to be halted due to rising tensions with Moscow.

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UN launches AI-based platform for natural capital accounting

Published 21:55 on April 29, 2021  /  Last updated at 21:55 on April 29, 2021  /  Africa, Americas, Asia Pacific, Australia, International, REDD, South & Central, US  /  No Comments

The UN and the Basque Centre for Climate Change (BC3) have unveiled a new tool for quantifying and accounting for ecosystem values under a previously-launched framework and standard, a facility designed to complement current measurements of GDP.

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Australia advances plans for voluntary carbon offset exchange

Published 08:08 on April 28, 2021  /  Last updated at 09:57 on April 28, 2021  /  Asia Pacific, Australia, Bavardage, Voluntary Market  /  1 Comment

Australia’s Clean Energy Regulator is moving forward with plans to set up an exchange for Australian Carbon Credit Units (ACCUs), in a bid to boost transparency and cut costs as the nation’s voluntary carbon market expands.

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Increased financial sector participation to dramatically change voluntary carbon market -panel

Published 19:47 on April 27, 2021  /  Last updated at 19:50 on April 27, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The structure of voluntary carbon markets (VCM) is expected to change dramatically as financial institutions become ever-larger participants in the space and corporate purchasing decisions shift from marketing departments to finance, a conference heard on Tuesday.

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Australia Market Roundup: Veolia makes major ERF deliveries, as NSW committee backs out of imposing offset requirements

Published 12:25 on April 26, 2021  /  Last updated at 12:43 on April 26, 2021  /  Asia Pacific, Australia  /  No Comments

Veolia’s Australian subsidiary has delivered over 320,000 credits to the government’s Emissions Reduction Fund (ERF) in recent weeks, while NSW regulators declined to impose carbon offset requirements on a new coal mine despite the miner offering to accept such a measure.

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LEAF to impose high-ambition climate, deforestation commitments on both buyers and sellers -panel

Published 23:30 on April 23, 2021  /  Last updated at 23:30 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The Lowering Emissions by Accelerating Forest (LEAF) finance coalition will impose high ambition requirements on public and private sector buyers and sellers of offsets, its founding nations the US, the UK, and Norway said on a webinar on Friday.

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US likely needs new legislation to hit its revised Paris climate goal -panel

Published 22:59 on April 23, 2021  /  Last updated at 22:47 on April 28, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The US will need to leverage existing programmes and regulatory authority to drive near-term emissions reductions, but federal legislation is likely required to hit its enhanced Nationally Determined Contribution (NDC) to the Paris Agreement, panelists told a conference on Friday.

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