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Santos, Mitsubishi to explore carbon neutral LNG options

Published 08:58 on December 7, 2020  /  Last updated at 08:58 on December 7, 2020  /  Asia Pacific, Australia, International, Japan, Voluntary Market  /  No Comments

Australia’s Santos and Japan’s Mitsubishi are considering options for delivery of carbon neutral LNG from Santos’ Barossa project, after the two on Monday announced a 10-year deal worth 1.5 million tonnes of gas annually.

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Australia Market Roundup: Regulator terminates ERF contracts, ACCU issuances rebound

Published 11:53 on December 4, 2020  /  Last updated at 17:34 on December 4, 2020  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has terminated contracts with two projects that had been expected to deliver almost 550,000 offsets to the ERF, while new credits issuances rebounded after a couple of quiet weeks, data showed.

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Australia picks priority areas for new offset method development

Published 01:15 on December 4, 2020  /  Last updated at 17:44 on December 4, 2020  /  Asia Pacific, Australia  /  No Comments

Australia has identified five new offset project methods it will fast-track over the next four months to further boost the supply of domestic carbon credits, Energy and Emissions Reduction Minister Angus Taylor said Friday.

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Business group touts Australian government fund for nature-based offsets

Published 15:15 on December 3, 2020  /  Last updated at 22:52 on December 3, 2020  /  Asia Pacific, Australia, International, New Market Mechanisms, Other APAC  /  No Comments

Australia should consider setting up a public-private fund to boost the nature-based carbon offset market and pilot projects under the Paris Agreement’s Article 6 in the Pacific region, a business group said.

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Carbon developer expands Australia operations with two hires

Published 11:50 on December 3, 2020  /  Last updated at 22:56 on December 3, 2020  /  Asia Pacific, Australia, Bavardage  /  No Comments

A major international carbon project developer has beefed up its Australian operations by hiring two senior staff members.

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Participants bullish on Australian offset market despite policy inertia

Published 10:43 on December 3, 2020  /  Last updated at 22:25 on December 3, 2020  /  Asia Pacific, Australia  /  No Comments

Growing interest from large corporations and an increase in voluntary emissions targets are making sure Australia’s carbon offset market is seeing rapid growth, despite the federal government’s reluctance to impose climate obligations on big emitters, a conference heard Thursday.

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Australia’s Santos brings forward net zero goal, eyes share of carbon neutral LNG market

Published 08:46 on December 1, 2020  /  Last updated at 08:46 on December 1, 2020  /  Asia Pacific, Australia, International, Voluntary Market  /  No Comments

Gas producer Santos on Tuesday moved forward its net zero emissions target by 10 years to 2040, eyeing the emerging demand for carbon neutral LNG in Asian markets with plans for CCS and offsetting.

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Australia Market Roundup: ACCU issuance drops, UN credits dominate voluntary demand

Published 03:32 on December 1, 2020  /  Last updated at 08:41 on December 1, 2020  /  Asia Pacific, Australia  /  No Comments

Australian carbon credit issuance fell to near zero over the past week, while generator EnergyAustralia demonstrated that the bulk of voluntary demand remains for international units despite strong growth in the domestic offset market.

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Western Australia lets emitters off hook, backs carbon farming

Published 09:22 on November 30, 2020  /  Last updated at 09:22 on November 30, 2020  /  Asia Pacific, Australia  /  No Comments

Major emitters in Western Australia won’t face mandatory offsetting or other GHG requirements under the state’s long-awaited climate policy package released Monday, but the government did announce a modest carbon farming and land restoration programme.

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Australia’s voluntary market sees strong growth from low base, data shows

Published 03:39 on November 25, 2020  /  Last updated at 00:01 on November 27, 2020  /  Asia Pacific, Australia  /  No Comments

Voluntary cancellations of Australian carbon credits in Q3 were 63% higher year-on-year, though numbers remain modest amid competition from international units and renewable energy credits.

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