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Australia sees bump in offset issuance, revokes another ERF project

Published 09:44 on January 24, 2020  /  Last updated at 09:44 on January 24, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week handed out over 400,000 carbon credits, but also revoked a project under contract to deliver almost 350,000 tCO2e worth of abatement, further eroding the impact of the country’s primary climate policy tool.

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World’s carbon markets grow 34% in value to $215 billion in 2019 -report

Published 21:34 on January 22, 2020  /  Last updated at 11:45 on January 23, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.

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Blame game ensues in Australia as climate action moment set to pass

Published 10:03 on January 22, 2020  /  Last updated at 00:06 on January 23, 2020  /  Asia Pacific, Australia  /  No Comments

The outlook for Australia to step up efforts on climate change in the wake of the massive forest fires is dimming as the government has shifted focus to hazard prevention and is blaming state agencies for failing in their responsibilities.

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Australia widens scope for animal manure projects to earn offsets

Published 09:44 on January 22, 2020  /  Last updated at 09:45 on January 22, 2020  /  Asia Pacific, Australia, Aviation/CORSIA  /  No Comments

Australia has implemented a new offset method that broadens the scope for pig and dairy farmers to earn carbon credits, the Clean Energy Regulator said Wednesday.

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Australia’s Woodside expects to buy 50 mln offsets for new LNG project

Published 10:14 on January 21, 2020  /  Last updated at 00:56 on January 22, 2020  /  Asia Pacific, Australia  /  No Comments

Australian oil and gas producer Woodside expects to have to buy some 50 million carbon credits over 44 years to offset emissions from its massive Browse LNG project, based on current Safeguard Mechanism regulations.

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Australia’s weekly offset issuance drops below 100k

Published 09:19 on January 17, 2020  /  Last updated at 20:05 on January 17, 2020  /  Asia Pacific, Australia  /  No Comments

After a bumper start to the year, Australia’s Clean Energy Regulator this week handed out only around 60,000 new offsets this week, while the government launched a public consultation on some proposed changes to the carbon credit programme.

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Analysts see upside for Australian offset prices as climate pressure grows for govt

Published 01:24 on January 14, 2020  /  Last updated at 23:18 on January 14, 2020  /  Asia Pacific, Australia  /  No Comments

Increasing pressure on the Australian government to act on climate change amid devastating bushfires is creating a bullish outlook for carbon prices, analysts said Tuesday.

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Latest Australian offset issuance tops 1.1 mln ACCUs

Published 10:30 on January 9, 2020  /  Last updated at 10:30 on January 9, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has issued over 1.1 million carbon credits since Christmas, its first data release of 2020 showed Thursday.

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Carbon offset projects so far largely unscathed by Australia’s fires

Published 10:29 on January 7, 2020  /  Last updated at 12:27 on January 7, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s catastrophic bushfires have burned over 8 million hectares of land but so far have not had a major impact on the nation’s mostly land-based carbon offset industry, according to market participants.

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Australian developers renew push to earn carbon credits from killing camels

Published 09:50 on January 7, 2020  /  Last updated at 09:50 on January 7, 2020  /  Asia Pacific, Australia, Bavardage, Conversations  /  No Comments

Australian firm RegenCo is lobbying the environment ministry to issue carbon credits for culling feral camels as part of a strategy to manage the country’s large population, which experts say is responsible for significant greenhouse gas emissions.

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