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Switzerland’s offset purchases come into play after last-gasp UN ratification

Published 19:47 on October 2, 2020  /  Last updated at 10:46 on October 5, 2020  /  Asia Pacific, Australia, Climate Talks, EMEA, International, Kyoto Mechanisms, Switzerland  /  No Comments

Switzerland may look to utilise its stockpile of millions of UN offsets to cover its international emissions obligations after late ratifications led the Kyoto Protocol’s second commitment period to enter into force.

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Australia to launch carbon offset exchange platform

Published 08:55 on October 2, 2020  /  Last updated at 19:09 on October 2, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator will set up an exchange platform for trading carbon credits after the government on Friday announced new funding to boost the agency’s operations.

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UK academics favour scaling up removal purchases in offsetting guidelines

Published 16:10 on September 29, 2020  /  Last updated at 00:52 on September 30, 2020  /  Americas, Asia Pacific, Australia, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Emitters should gradually scale up their buying of carbon removals as part of a credible voluntary climate strategy, UK academics said in a report on offsetting launched Tuesday that takes a cautious line on land-based initiatives.

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ANALYSIS: Can Australia make its massive soil carbon plan work?

Published 09:43 on September 23, 2020  /  Last updated at 22:25 on September 23, 2020  /  Asia Pacific, Australia, International, Voluntary Market  /  No Comments

Australia has announced plans to use its offset market to cut a staggering 35-90 MtCO2e worth of emissions every year through soil carbon projects, but even if the technological challenges are overcome, who will buy all those credits?

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Australian offset issuance picks up after slow period

Published 10:16 on September 22, 2020  /  Last updated at 21:52 on September 23, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator last week issued over 520,000 new carbon credits, after doling out just a total 30,000 over the previous two weeks amid ERF auction preparations.

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Australia outlines A$18 bln technology roadmap to cut carbon emissions

Published 05:30 on September 22, 2020  /  Last updated at 21:55 on September 23, 2020  /  Asia Pacific, Australia  /  No Comments

Australia on Tuesday outlined a plan to invest around A$18 billion ($13 bln) over the next decade in five technologies it says will drive GHG emissions cuts, but Energy Minister Angus Taylor refused to consider increasing the nation’s emissions targets.

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CO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report

Published 23:00 on September 21, 2020  /  Last updated at 23:00 on September 21, 2020  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Net zero emissions pledges are ramping up but in subnational jurisdictions and among companies, but the ultimate scope of these efforts could determine their long-term effectiveness in reducing GHG, according to new analysis published Monday. 

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Australians found guilty of REDD credit tax evasion scheme

Published 11:52 on September 21, 2020  /  Last updated at 16:43 on September 21, 2020  /  Asia Pacific, Australia, International, Other APAC, REDD, Voluntary Market  /  No Comments

Australia’s federal court has found three men guilty of promoting tax avoidance over the years 2009-12 through a scheme that convinced clients to buy non-issued forest protection carbon credits by promising the investments would be tax deductible.

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Top economist says South Australia should join California ETS

Published 11:51 on September 18, 2020  /  Last updated at 00:05 on September 19, 2020  /  Americas, Asia Pacific, Australia, Canada, US  /  No Comments

The state of South Australia should seek to join California’s emissions trading scheme or form a domestic carbon market in order to generate and sell offsets from greenhouse gases stored in soil or water, one of the nation’s most prominent economists has recommended in a government-commissioned report.

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Volumes rise at Australia ERF auction, but prices see slight drop

Published 01:55 on September 18, 2020  /  Last updated at 00:25 on September 19, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Emissions Reduction Fund committed to buy more carbon credits than at any sale since Dec. 2017 at its auction last week, though the price came down somewhat from the record level at the March event, Clean Energy Regulator data showed Friday.

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