Carbon markets

UK joins NZ in closing down all coal

All coal power plants to be shut-down by 2025 unless fitted technology to capture emissions.

Farewell to brown coal without tears: how to shut high-emitting power stations

We know that brown coal generators are the biggest polluters but we've made little in-roads into reducing their emissions via a wide array of policy measures. Should taxpayers foot the bill to shut one of them down or should we just pick out Hazelwood and force it to shut? We propose a better market-based alternative.

The week in carbon & clean energy

As plans for Paris climate summit plough on in spite of attacks, Cambridge University study indicates some equity fund holdings could lose 45% of value due to spread of carbon pricing while global spending on emission abatement projects and green bonds surge.

Second Direct Action auction - 4.5m tonnes/year & well short of target

Minister Hunt will no doubt be trumpeting the second auction as a spectacular success, but he's spent half his budget to achieve little more than a fifth of what he promised. Is that a success?

The method in environmentalists’ madness over a single pipeline and coal mine

Why are environmentalists so worked up about the Keystone pipeline that will make little difference to oil supplies and the Adani coal mine that they reckon is unfinanceable anyway?

Carbon tax delivers same revenue as GST rise with less consumer pain - Greens

by AAP
Parliamentary Library analysis shows rise of GST to 12.5% would hit consumer by 3 times as much as $28/tonne carbon tax.

What to expect in 2nd Direct Action abatement auction

Bidding in the second auction under the government's Emission Reduction Fund will close later today. Since the first auction the government has benefitted from a surge in project supply mainly from land use abatement with coal mine waste gas combustion also important. This competition will help keep prices down.

Renewable certificate prices continue upwards as concerns rise of 2017 shortage

Large-scale renewable energy certificates or LGCs are close to passing the $70 mark with little sign of retailers signing onto agreements for new projects and concerns growing about a shortage in 2017. Meanwhile small-scale certificates are stuck at the price cap as the clearing house deficit exceeds 2 million certificates.

Hunt seeks to change the tone with Tony gone

Apparently our climate change policy hasn't changed since Turnbull deposed Abbott as Prime Minister. So why are Abbott's dodgy carbon farms now the 'singularly most successful emission reduction measure of all time'. And why is Bob Brown's bank acting to 'successfully commercialise Australian renewable technologies'.

The energy efficiency certificate market's wild ride

Victorian energy efficiency credits had risen 110% since June, but this month the market turned in spectacular fashion with prices plummeting. NSW has suffered similar but less spectacular gyrations.

Gov't tried to acquire huge amount of carbon credits with carbon tax money

A series of secret deals have come to light in almost expired and near worthless carbon credits that reveal just how far the government has been intending to rely on money collected from the carbon price to reach its emission reduction targets. It makes a mockery of Hunt’s pre-election claims about the Direct Action policy.

Origin restates support for carbon price and aim of carbon neutral electricity supply

Will seek to reduce the emissions intensity of its energy supply in line with IEA's 450ppm scenario.

Why selfishness could help to ban new coal mines

Greenies are calling on governments to ban new coal mines to save the planet. While it will cause policy mandarins to shake their heads, it has a powerful friend: selfishness.

Farewell fossil fools – Harper and Abbott both dispatched

Canada's Stephen Harper has lost the election. In conjunction with the dumping of Tony Abbott a few weeks ago, it represents a major step forward for climate negotiations, removing the two developed world leaders most intent on defending fossil fuels from action to reduce greenhouse gas emissions.

Leaders urge global carbon pricing

by AFP
A group of world leaders have called for greater action on climate change.

India chooses electricity and economics over emissions goals

India's adoption of a clean energy goal suggests emissions reduction is still important, but providing electricity to its population takes precedence.

Hunt: Paris is just the start of bigger emission cuts

The Environment Minister is very confident that countries will pledge further emission cuts in climate negotiations following Paris. It prompts the question: won’t the Coalition have to lift the ambitions of its own climate policy and can a Coalition climate civil war be avoided?

India promises to slash emissions, but wants help

India's government recognises that climate change will hit its people hard. It is willing to contribute towards addressing the problem but expects rich nations will help, asking for US$2.5 trillion to finance its clean energy transition.

Government to receive international carbon credit free kick

As suspected, it looks as though the government will use several million tonnes of international carbon credits towards its 2020 emission target, and all thanks to money from the carbon tax.

Turnbull leaves door open tweaking climate policy

by AAP
Says current target "struck the right spot" but 2017 review could result in policy being "tweaked or amended".