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Australian minister warns states on “inappropriate” climate targets

Published 09:30 on June 25, 2019  /  Last updated at 09:30 on June 25, 2019  /  Asia Pacific, Australia  /  No Comments

Australian Energy Minister Angus Taylor has warned state governments about setting more ambitious emission reductions than the federal Coalition, arguing this would be inappropriate and likely to push up power prices.

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Emissions exchange operator CBL Markets to merge with data firm Xpansiv

Published 12:26 on June 24, 2019  /  Last updated at 15:19 on June 24, 2019  /  Americas, Asia Pacific, Australia, Bavardage, International, US, Voluntary Market  /  No Comments

Spot emissions exchange operator CBL Markets will merge with commodity data firm Xpansiv, the companies announced on Monday.

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Australia issues 1.1 mln carbon credits as year-end rush builds

Published 09:46 on June 21, 2019  /  Last updated at 09:46 on June 21, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week distributed over 1.1 million carbon credits as developers continued to seek issuances ahead of the June 30 financial year end.

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COMMENT: Australia’s energy exports increase global greenhouse emissions, not decrease them

Published 01:48 on June 20, 2019  /  Last updated at 01:48 on June 20, 2019  /  Asia Pacific, Australia  /  No Comments

Australian Energy Minister Angus Taylor’s claim that Australia should be credited for emission cuts caused by its natural gas exports does not hold up against scrutiny, argues this op-ed by Frank Jotzo and Salim Mazouz of the Australian National University.

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Western Australia govt scrambles for alternatives to offset requirements for major emitters

Published 10:05 on June 19, 2019  /  Last updated at 11:15 on June 19, 2019  /  Asia Pacific, Australia  /  No Comments

The Western Australian government is considering options such as an industry-funded carbon abatement fund as alternatives to mandatory offsetting for major resources projects, which it considers would impose significant economic costs on the state’s fossil fuel industry.

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Australia could hit net zero emissions in 2050 and profit from it -report

Published 10:59 on June 18, 2019  /  Last updated at 11:03 on June 18, 2019  /  Asia Pacific, Australia  /  No Comments

Australia could reduce its greenhouse gas emissions to net zero in 2050 and be carbon negative a decade later, all while profiting from efforts including collecting revenue from selling several hundred million carbon credits from land-based projects, a report has found.

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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Published 14:08 on June 14, 2019  /  Last updated at 21:51 on June 14, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, 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, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.

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Australia offset issuance balloons as end of financial year nears

Published 09:44 on June 14, 2019  /  Last updated at 11:08 on June 14, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has awarded over 770,000 carbon credits in the past three days as a growing number of project owners seek to get their issuances before the June 30 end of the financial year.

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Queensland gives final go-ahead for Adani’s massive Carmichael coal mine

Published 09:23 on June 13, 2019  /  Last updated at 09:23 on June 13, 2019  /  Asia Pacific, Australia  /  No Comments

Queensland on Thursday approved Adani’s groundwater plan for its Carmichael mine, the final approval required to begin construction at what will become one of Australia’s biggest coal mines.

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Australia proposes changes to controversial carbon credit rules for coal power plants

Published 14:23 on June 12, 2019  /  Last updated at 17:01 on June 12, 2019  /  Asia Pacific, Australia  /  No Comments

Australia has launched a review of offset rules that might allow for awarding carbon credits to even its dirtiest ageing coal-fired power plants.

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