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The era of very low carbon prices is over, says the largest secondary-market buyer of Australian carbon credits, as it plans an expansion into the US.
Qantas will immediately double the number of carbon offsets it buys, as part of a new commitment to reach net-zero greenhouse gas emissions by 2050.
* New NGER regulations gazetted
* EPBC and threatened species targets missed
* Projects worth $23bn in CEFC pipeline
* Carbon industry reports on code of conduct compliance
* Enhanced oil recovery suited to earning carbon credits, says CO2CRC
* BHP defends mining industry associations
* Alcoa review aims to lower emissions intensity
Fortescue today announced a new 60MW solar farm will power daytime activities at its Chichester iron ore hub, supplemented by electricity from an Alinta gas-fired power station.
The Queensland government has invited tenders to supply more than 90,000 carbon credits – an amount much greater than the Federal Government's Clean Energy Regulator agreed to buy at its last auction.
On behalf of Woodside, Greening Australia will embark on a new nature-based carbon offset project that will deliver a million tonnes of abatement over 25 years.
Interest in the federal carbon neutral scheme is growing at an unprecedented rate partly because of its commercial benefits, and the program is about to undergo a major revamp.
Converting renewable energy certificates into carbon credits isn't a feasible way to ease a looming shortage of credits, according to a leading advisory service.
A Western Australian EPA recommendation to amend a carbon condition attached to Chevron's Gorgon LNG project would result in the company having to buy millions of offsets.