BRIEFING: Fate of Australia’s carbon market Safeguard Mechanism uncertain as elections near
Australia’s conservative Coalition party’s failure to clarify its position on the Safeguard Mechanism and the lengthy development process of new Australian Carbon Credit Unit (ACCU) methods has created an air of uncertainty in the market, experts told Carbon Pulse this week.
Read MoreAustralia Market Roundup: State of the Climate report warns of increasing ocean temperatures, nearly 800,000 ACCUs issued
The State of the Climate report shows Australia’s average temperatures have already risen 1.5C for the first time since records began, as the latest Clean Energy Regulator issuance saw an increase in Australian Carbon Credit Units (ACCUs).
Read MoreAustralian junior discovers rare element used in fusion energy
A tiny exploration company betting on finding native hydrogen deep in the South Australia desert has found an even more valuable co-located gas rarely found on Earth that is essential to nuclear fusion.
Read MoreINTERVIEW: Australia’s ERAC chair praises ACCU method proposals while noting uncertainty on timelines
Australia’s first full-time chair of the Emissions Reduction Assurance Committee (ERAC), which deals with carbon farming credits, has praised the quality of carbon method proposals submitted through the expression of interest (EOI) process, but could not say how long it would take for those selected to be developed.
Read MoreAustralian oversight body selects four methods to progress, others delayed again
The Emissions Reduction Assurance Committee (ERAC) has selected four proposed carbon credit methods to progress to the next stage of development, however other closely-watched ones have been pushed back to the first half of next year, the Australian climate minister told a conference Wednesday.
Read MoreCarbon ratings agency teams up with Australian offset trading platform provider Trovio
A carbon ratings agency is partnering with Australian technology provider Trovio to make offset project grades accessible for risk and inventory management purposes.
Read MoreAustralia’s clean finance arm details first spend on forest project, plans to earn ACCUs
Australia’s Clean Energy Financing Corporation (CEFC) has for the first time invested A$75 million ($49.2 mln) in the forestry sector, according to the group’s annual report published this week, which details tens of billions of dollars of clean investments.
Read MoreAustralian opposition refuses to be drawn on Safeguard Mechanism questions
Australia’s opposition climate spokesperson has refused to say whether a future Coalition government would support the reformed Safeguard Mechanism, as the lack of certainty continues to be a headache for investors and emitters, according to conference attendants.
Read MoreAustralian tech company launches carbon credit platform at Melbourne conference
A new platform to add transparency to carbon credit purchases in Australia was launched Tuesday at the Climate Market Institute’s (CMI) Australasian Emissions Reduction Summit in Melbourne.
Read MoreConservatives come to power in Australia’s Queensland, promising to keep coal power plants open
Australia’s Queensland has elected its first Liberal-National government in almost a decade after state elections on Saturday, promising to repeal the state’s renewable energy target of 80% by 2035 and to keep coal-fired plants open.
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