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Queensland govt carbon fund opens first investment round for offset projects

Published 07:35 on December 30, 2019  /  Last updated at 23:10 on January 5, 2020  /  Asia Pacific, Australia  /  No Comments

The Queensland state government has launched the first proper call for projects through its Land Restoration Fund, which aims to invest A$100 million ($70 mln) in new carbon offset projects in 2020.

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Year-end rush lifts delivery to Australia’s ERF

Published 03:31 on December 20, 2019  /  Last updated at 20:35 on December 20, 2019  /  Asia Pacific, Australia  /  No Comments

Offset delivery to Australia’s Emissions Reduction Fund (ERF) over the past fortnight nearly doubled compared to the previous period, as project-owners transferred over 710,000 credits with the end of the year looming.

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Australia plans optional ERF delivery contract to boost offset supply

Published 01:27 on December 20, 2019  /  Last updated at 20:33 on December 20, 2019  /  Asia Pacific, Australia  /  No Comments

In its latest effort to increase interest in ERF auctions, Australia’s Clean Energy Regulator on Friday proposed to let project owners submit bids for optional contracts, which they may or may not deliver on.

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Australian businesses back climate policy makeover

Published 13:05 on December 18, 2019  /  Last updated at 23:02 on December 18, 2019  /  Asia Pacific, Australia  /  No Comments

An overwhelming majority of Australian businesses remain disgruntled with the government’s climate policy and fear greater disruptions down the line if the nation continues to delay its decarbonisation process, a survey showed.

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Regulator corrects errors to Australia’s Safeguard cap changes

Published 09:24 on December 17, 2019  /  Last updated at 09:24 on December 17, 2019  /  Asia Pacific, Australia  /  No Comments

Errors in the Clean Energy Regulator data released last week wrongly suggested some big emitters had had their CO2 caps backdated to 2016, including some that had used carbon credit to meet their targets for that year, according to an agency spokesperson.

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COP25: Testing Article 6 talks delayed for second year after marathon UN climate summit

Published 13:19 on December 15, 2019  /  Last updated at 23:31 on January 5, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Marathon UN climate talks in Madrid finished on Sunday afternoon without agreeing rules for international emissions trade under the Paris Agreement’s Article 6, as beleaguered hosts Chile pushed the record-long summit to try to broker a deal on a handful of sticking points.

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COP25: Roundup for Saturday and Sunday, Dec. 14-15

Published 09:47 on December 14, 2019  /  Last updated at 08:51 on December 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A marathon overnight session to develop an outcome for the UN climate summit was widely panned on Saturday morning, while negotiations on the highly contentious Article 6 rulebook for Paris-era international emissions trade continued. 

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COP25: Roundup for Friday, Dec. 13

Published 14:18 on December 13, 2019  /  Last updated at 18:35 on December 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

New Article 6 text dropped well behind schedule at the UN climate summit on Friday, with numerous contentious issues still remaining on agreeing the rulebook to international emissions trading under the Paris Agreement.

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Australia loosens CO2 caps for more Safeguard facilities

Published 22:17 on December 12, 2019  /  Last updated at 06:39 on December 13, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator on Thursday issued new baselines for several facilities covered by the Safeguard Mechanism, allowing most of them to increase their CO2 emissions, including three of those that were forced to buy carbon credits to meet their targets last year.

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COP25: Roundup for Thursday, Dec. 12

Published 18:41 on December 12, 2019  /  Last updated at 18:41 on December 12, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Negotiations on the rulebook with International emission trade plodded along in Madrid on Thursday, as slow progress on other elements of operationalising the Paris Agreement solicited fears the UN Climate Summit would once again run well into the weekend.

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