Conservatives 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.
Read MoreAU Market: ACCU project registration soars in Q3, regulator data shows
A record number of Australian Carbon Credit Unit (ACCU) projects were registered in the third quarter this year, according to regulatory data.
Read MoreAustralia to develop voluntary GHG accounting standards for agriculture, fishery, forestry sectors
Australia has announced it will develop voluntary GHG accounting standards for the agriculture, fisheries, and forestry sectors, and has established a reference group to guide this work.
Read MoreBRIEFING: Singapore, India, and others drive ‘big year’ for Asian voluntary carbon markets
Landmark policy announcements across markets including Singapore, India, and other countries have ensured a “big year” for Asian voluntary carbon markets, according to attendees at the IETA Asia Climate Summit, which took place this week in New Delhi.
Read MoreAustralian regulator publishes Safeguard facilities’ emissions intensity data
The Clean Energy Regulator (CER) has published new emissions intensity data (EID) for facilities covered under the reformed Safeguard Mechanism in the lead up to the next compliance deadline in March, a move which experts said would help provide a guide on how many below baseline credits facilities are likely to generate.
Read MoreOil and gas exploration expected to rise despite COP28 commitments
Oil and gas exploration licensing is set to surge despite COP28 pledge to phase out fossil fuels, according to a new report.
Read MoreAustralia’s sovereign wealth fund must do better to push fossil fuel companies to transition
An activist shareholder group said Thursday Australia’s sovereign wealth fund has over A$1 billion ($660 million) invested in three of the nation’s most polluting companies, two oil and gas and one coal.
Read More‘Big Three’ dominate fossil fuel emissions in the Commonwealth -report
The UK, Australia, and Canada dominated fossil fuel extraction and its associated carbon emissions across the 56 Commonwealth countries in 2023, despite accounting for just 6% of the population in the group, according to a new report released on Wednesday as Commonwealth leaders meet for a summit.
Read MoreCredit use flat in meeting emissions reductions, Australian regulator finds
The latest report on emissions reduction by Australia’s Clean Energy Regulator (CER) found gross emissions are falling faster than net emissions and renewable energy generation is increasing, but the use of carbon credits is ‘flat’, balanced out by greater use of international credits and less of Australian Carbon Credit Units (ACCUs), which is “trending downwards”.
Read MoreAPAC carbon credit supplier calling for premium to ACCUs in upcoming offer round
An Asia Pacific carbon credit supplier is offering credits for bidding at a significant near-50% premium over generic Australian Carbon Credit Units (ACCUs).
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