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Several states postpone CORSIA reporting deadline as virus-decimated airlines plea for changes

Published 18:25 on April 9, 2020  /  Last updated at 18:27 on April 9, 2020  /  Americas, Australia, Aviation/CORSIA, International, US  /  No Comments

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.

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Australia issues 710k new carbon credits amid virus crisis

Published 12:24 on April 3, 2020  /  Last updated at 02:09 on April 4, 2020  /  Asia Pacific, Australia  /  No Comments

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.

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Australia pays highest prices yet in latest ERF auction, but volumes remain low

Published 01:47 on April 3, 2020  /  Last updated at 02:22 on April 4, 2020  /  Asia Pacific, Australia  /  No Comments

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.

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Carbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown

Published 09:05 on April 1, 2020  /  Last updated at 09:26 on April 1, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  1 Comment

*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.

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Soil carbon advances in Australia as overall offset issuance slows

Published 09:54 on March 27, 2020  /  Last updated at 10:25 on March 27, 2020  /  Asia Pacific, Australia  /  No Comments

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.

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Australia’s Woodside defers decision on major LNG projects amid virus impact

Published 02:14 on March 27, 2020  /  Last updated at 09:30 on March 27, 2020  /  Asia Pacific, Australia  /  No Comments

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.

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Australia’s Safeguard emissions rise again, offset use falls

Published 04:36 on March 26, 2020  /  Last updated at 09:14 on March 26, 2020  /  Asia Pacific, Australia  /  No Comments

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.

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Australia’s 10th ERF auction begins amid lukewarm interest

Published 08:49 on March 25, 2020  /  Last updated at 22:55 on March 25, 2020  /  Asia Pacific, Australia  /  No Comments

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.

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Emissions trading expands globally on more climate ambition -report

Published 18:29 on March 24, 2020  /  Last updated at 23:12 on March 24, 2020  /  Americas, Asia Pacific, Australia, Canada, China, China's National ETS, EMEA, EU ETS, International, Mexico, New Zealand  /  No Comments

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.

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Review nixes easier access to carbon cash for Australian coal stations

Published 09:28 on March 24, 2020  /  Last updated at 10:52 on March 24, 2020  /  Asia Pacific, Australia  /  No Comments

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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