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Australia doles out over 250k credits, revokes another energy efficiency project

Published 11:03 on June 16, 2020  /  Last updated at 11:03 on June 16, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has issued over 250,000 new carbon credits, mostly to land-based programmes and waste schemes, but revoked yet another energy efficiency project in its latest round.

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Delivery to Australia’s ERF tops 55 million offsets, issuances steady

Published 09:49 on June 8, 2020  /  Last updated at 00:10 on June 11, 2020  /  Asia Pacific, Australia  /  No Comments

Project proponents have delivered another 635,000 carbon offsets to Australia’s Emissions Reduction Fund (ERF), taking the fund total past 55 million, while the Clean Energy Regulator issued another 270,000 units last week.

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Chevron could face 10-12 Mt carbon offset bill over CCS delay

Published 09:55 on June 3, 2020  /  Last updated at 00:27 on June 4, 2020  /  Asia Pacific, Australia  /  No Comments

A ruling by the Western Australia state government might force Chevron to buy as many as 10-12 million carbon credits to make up for excess CO2 emissions due to delays in the carbon capture and storage operations at its Gorgon oil and gas project on Barrow Island.

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Australia adjusts down its expected 2020 ERF offset delivery

Published 05:08 on June 3, 2020  /  Last updated at 00:44 on June 4, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has adjusted down the number of carbon credits it expects to be delivered under the Emissions Reduction Fund (ERF) this year by 5%, according to a quarterly market report released on Wednesday.

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Investment and advisory group snaps up EIB climate finance expert

Published 01:33 on June 2, 2020  /  Last updated at 01:33 on June 2, 2020  /  Australia, Bavardage, Conversations, EMEA, EU ETS, International, US, Voluntary Market  /  No Comments

A climate finance expert with the European Investment Bank is joining a London climate advisory and investment business, Carbon Pulse has learned.

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Australian developer agrees to strict oversight to remain in carbon business

Published 08:56 on June 1, 2020  /  Last updated at 01:12 on June 3, 2020  /  Asia Pacific, Australia, Bavardage, Conversations  /  No Comments

Australian project developer Country Carbon has agreed to having its business practices strictly monitored by the government for a two-year period to address ‘compliance issues’ with regulations under the nation’s carbon offset market.

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Australia’s offset issuance climbs above 550k, as blue carbon shows promise

Published 11:59 on May 29, 2020  /  Last updated at 23:56 on May 29, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued just over 550,000 carbon credits and registered 10 new offset projects this week, while researchers identified offset generating potential in a blue carbon site.

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Australia to rely on voluntary demand to grow carbon market

Published 05:36 on May 29, 2020  /  Last updated at 21:29 on May 29, 2020  /  Asia Pacific, Australia  /  1 Comment

Australia is in the process of reforming its carbon market but the government will not put in place new policies to drive private sector demand, hoping instead for an increase in voluntary buying interest, Energy and Emission Reduction Minister Angus Taylor said Friday.

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Global carbon market sees modest growth in 2019, strong interest in forestry -World Bank

Published 13:00 on May 28, 2020  /  Last updated at 20:34 on May 29, 2020  /  Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Global carbon markets expanded marginally last year and saw modest growth in government revenues, but interest in offset projects rose with forestry leading the way, according to an annual report released Thursday by the World Bank.

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Australia sets ERF auction date, moves to take out price manipulation risk

Published 10:28 on May 28, 2020  /  Last updated at 02:32 on May 29, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator on Thursday set dates for the next Emissions Reduction Fund (ERF) auction, while proposing changes to prevent gaming of the price the government pays for carbon credits.

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