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Australia says will overachieve on Paris target after ramping up Kyoto carryovers

Published 15:20 on December 7, 2019  /  Last updated at 15:35 on December 7, 2019  /  Asia Pacific, Australia, Climate Talks, International  /  No Comments

Australia has released new emission projections with revised historical GHG data, increasing the amount of AAU carryovers it might use for its Paris Agreement target and putting it on track to exceed its international commitments.

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Australia cancels remaining ERF contract with Our Energy Group as ACCU issuance swells

Published 09:52 on December 5, 2019  /  Last updated at 23:22 on December 5, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has now cancelled all seven ERF contracts with developer Our Energy Group, a data update showed Thursday, while new offset issuance this week swelled to three-quarters of a million.

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Western Australia to allow major land-based offset projects

Published 05:52 on December 5, 2019  /  Last updated at 23:45 on December 5, 2019  /  Asia Pacific, Australia  /  No Comments

Western Australia has decided to allow offset projects on pastoral lands as long as they don’t interfere with the local mining industry, finally clearing the way for stalled projects that will generate some 5 million credits to the federal government.

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PREVIEW COP25: UN carbon market talks to take centre stage in Madrid

Published 01:00 on November 30, 2019  /  Last updated at 23:04 on December 2, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Officials from nearly 200 governments arrive at COP25 in Madrid next week to hammer out the rules for international emissions trade under the Paris Agreement, with several testing issues remaining from last year when disagreements nearly threw off a wider deal on the 2015 pact.

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Australia sees marginal drop in carbon emissions as drought hits agriculture output

Published 02:24 on November 29, 2019  /  Last updated at 09:14 on November 29, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s greenhouse gas emissions fell 0.1% in FY2018-19, government data showed Friday, primarily due to a drop in agricultural output amid the ongoing drought.

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Australian offset issuance remains below average levels

Published 09:29 on November 28, 2019  /  Last updated at 00:27 on November 29, 2019  /  Asia Pacific, Australia  /  No Comments

Offset issuances in Australia remained below average levels this week, the sixth out of the last seven to award lower numbers of the units, with just under 160,000 credits distributed.

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None of 14 offset standard contenders meet CORSIA aviation scheme criteria -report

Published 15:09 on November 27, 2019  /  Last updated at 23:27 on November 27, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

None of the 14 carbon credit standards that have applied for eligibility under the UN’s global CORSIA aviation offsetting scheme meet the criteria set out by governments, while some of the candidates may not even be considered offset programmes.

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Developers deliver over 425,000 ACCUs to Australian government fund

Published 11:02 on November 21, 2019  /  Last updated at 18:14 on November 22, 2019  /  Asia Pacific, Australia  /  No Comments

Offset developers under contract with Australia’s Emissions Reduction Fund (ERF) have delivered more than 425,000 credits to the fund over the past two weeks, while the Clean Energy Regulator this week issued just over 100,000 new credits, most of that to one big landfill project.

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Australia to seek state support for ERF reform

Published 08:22 on November 20, 2019  /  Last updated at 09:25 on November 20, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s emissions reduction minister Angus Taylor will this Friday seek support from state governments for changes to the Emissions Reduction Fund (ERF), media reports said Wednesday.

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Oil and gas firm Woodside launches plan to offset part of its ballooning emissions

Published 12:01 on November 19, 2019  /  Last updated at 22:32 on November 19, 2019  /  Asia Pacific, Australia  /  No Comments

Australian oil and gas producer Woodside Energy on Tuesday announced an offset initiative that will see it eventually buy over 1 million carbon credits annually, though the programme only covers a minor share of the company’s rapidly growing GHG emissions.

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