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EnergyAustralia’s carbon offset scheme grows by over a third

Published 11:51 on September 15, 2021  /  Last updated at 11:51 on September 15, 2021  /  Asia Pacific, Australia, Kyoto Mechanisms, Other APAC, Voluntary Market  /  No Comments

Gentailer EnergyAustralia retired 36% more offsets under its carbon neutral product after expanding its scope, but documents released this week showed only 2% of the credits used were domestic ACCUs.

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Miner BHP cancels offsets years ahead of schedule

Published 14:08 on September 14, 2021  /  Last updated at 14:11 on September 14, 2021  /  Asia Pacific, Australia, International, Voluntary Market  /  No Comments

Mining giant BHP Billiton has begun retiring voluntary carbon credits four years ahead of schedule, a company climate announcement showed on Tuesday, though the firm did not commit to a consistent use of carbon offsets.

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Santos signs CCS agreement for Bayu-Undan with Timor-Leste

Published 07:11 on September 14, 2021  /  Last updated at 09:23 on September 14, 2021  /  Asia Pacific, Australia, International, Other APAC  /  No Comments

Australian oil and gas firm Santos has signed an agreement with the Timor-Leste government to progress with a carbon capture and storage (CCS) project at the offshore Bayu-Undan gas field, the company announced on Tuesday.

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AU Market: ACCUs surge to record highs as demand persists

Published 08:17 on September 10, 2021  /  Last updated at 10:03 on September 10, 2021  /  Asia Pacific, Australia  /  No Comments

Australian carbon credits rose to all-time highs in a flurry of trades on Friday afternoon, as steady demand from Safeguard Mechanism entities and voluntary buyers soaked up supply.

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ACCU holdings swell as issuances hit record level

Published 10:52 on September 9, 2021  /  Last updated at 10:52 on September 9, 2021  /  Asia Pacific, Australia  /  No Comments

Australian Carbon Credit Units (ACCUs) held in the national registry increased by almost 25% in the three months to June, as quarterly issuance levels rose to record highs, outstripping demand, the Clean Energy Regulator said Thursday.

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Queensland deal aims to supply South Korea with renewable hydrogen

Published 09:53 on September 9, 2021  /  Last updated at 09:55 on September 9, 2021  /  Asia Pacific, Australia, South Korea  /  No Comments

An agreement between the Port of Townsville and Ark Energy could see the export of renewable hydrogen to South Korea in the next decade, the Queensland state government in Australia has announced.

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Australia’s new industrial credits could stall ACCU momentum, hurt investments, analysts say

Published 04:09 on September 8, 2021  /  Last updated at 04:09 on September 8, 2021  /  Asia Pacific, Australia  /  No Comments

Australia’s plans to introduce a new type of carbon credits for industrials could interrupt the demand side in the domestic voluntary carbon market and shave as much as A$2 billion ($1.48 bln) off ACCU investments over the next decade, analysts warned Wednesday.

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Australian, Canadian investors eye offset opportunities after large land purchase

Published 10:47 on September 7, 2021  /  Last updated at 00:40 on September 8, 2021  /  Americas, Asia Pacific, Australia, Canada, International, Voluntary Market  /  No Comments

Australia-headquartered New Forests and the Alberta Investment Management Corp. (AIMCo) will assess soil carbon opportunities after agreeing to purchase a 90,000-hectare agricultural land estate from Macquarie Asset Management.

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Infrastructure investor giant pledges 40% cut in emissions by 2030

Published 09:21 on September 7, 2021  /  Last updated at 00:40 on September 8, 2021  /  Americas, Asia Pacific, Australia, International, US  /  No Comments

IFM Investors, one of the world’s biggest infrastructure investor firms, has set an interim 2030 emissions reduction target of 40% for its infrastructure asset class, the company announced Tuesday.

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Australia’s Woodside more than triples carbon offset partnership scope

Published 02:38 on September 7, 2021  /  Last updated at 00:40 on September 8, 2021  /  Asia Pacific, Australia, Bavardage, Voluntary Market  /  No Comments

Oil and gas firm Woodside has agreed with project developer Greening Australia to more than triple the land area on which they plant trees to generate carbon offsets.

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