Carbon markets

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".

Bank of England warning suggests need to upgrade carbon risk disclosure

The risk faced by carbon intensive assets and those that finance them has been highlighted by the Bank of England, yet we lack the necessary disclosure to thoroughly assess the extent of this risk and possible threats to financial stability from high carbon stranded assets.

Origin has credit issues but what’s AGL’s problem?

The renewable energy certificate market is booming, yet retailers aren’t much interested in bringing on new supply. Origin’s credit problems provide a new insight into why, but it can’t explain AGL’s contradictory climate stance.

China's emissions-trading announcement is a signal to the world

China's commitment to a national ETS provides an important leadership signal to others. However it won't be the biggest factor in China's climate change policy toolbox for some years, with other measures dominating.

Brazil pledges bigger emissions cut than Australia

Brazil commits to 43% cut from 2005 levels by 2030 compared to 26%-28% from Australia.

Too big to fail: China pledges to set up landmark emissions trading scheme

China's commitment to a national ETS beginning in 2017 is the culmination of decisions made as early as 2010. But the country's capability in market trading is still immature. It may have been better to have an interim carbon tax scheme before moving to an ETS, as Australia did.

China to implement national ETS, but provincial efforts fail to inspire

President Xi Jinping will announce today that the country will introduce a nationwide carbon emissions cap-and-trade scheme in 2017. But to be effective it will need to significantly improve on schemes already operating in several Chinese provinces.

ANZ downgrades coking coal and iron ore prices

by AAP
Says Chinese steel production reached its peak last year instead of prior forecast expecting peak in 2020.

State-based ETS not possible: SA Premier

Cites constitutional barriers, although past efforts at state-based emissions trading suggests these can be overcome.

Turnbull’s ministerial shift suggests climate change is afoot

It appears Greg Hunt now has responsibility for the Clean Energy Finance Corporation and the Australian Renewable Energy Agency. It likely signals that Turnbull will quietly dump attempts to abolish the agencies and the Government’s ideological crusade against renewable energy.

WWF claims tree clearing 'panic' in Queensland

Says areas approved for land clearing will produce 11.7m tonnes CO2 emissions.

Australian business leaders: We want to play our part in countering climate change

Leaders of AGL, BHP Biliton, GE Australia, Mirvac, Santos, Unilever, Wesfarmers and Westpac issue joint letter stating support for 2 degree goal and willingness to work for an effective domestic policy response to contain carbon emissions.

Can Turnbull create an effective climate policy without an ETS?

The new Prime Minister has done a deal with the Nationals not to introduce a carbon price or emissions trading scheme. Here’s five options and one question surrounding how he might still achieve action on climate change.

What does Malcolm Turnbull mean for climate change policy?

Make no mistake, the elevation of Turnbull to PM has already changed the climate-energy landscape. He says there will be no change to existing climate policy but that policy is ill-defined and open to interpretation.

Ignored by the government, shrunk by resignations – where now for Australia's Climate Change Authority?

CCA board member Clive Hamilton comments on the resignation of its chair Bernie Fraser and its tenuous future.

Despite the Chicken Littles, renewable development is 'just right'

The energy cartel are again claiming disaster is around the corner for renewable energy unless government provides an 'orderly exit' for other generators (i.e. a bribe). But the market for renewable certificates is doing precisely what's required, even showing immunity to nasty comments about wind farms.

FactCheck: Did shale gas cause US emissions to decline?

Many right wing commentators, such as Tom Switzer, like to claim a shale gas boom was the cause of a decline in US emissions, while Naomi Klein from the left remains keen on regulation. So is shale gas a miracle cure that drives plummeting emissions without the need for government regulation or is reality more complex?
0% surge in Vic energy efficiency certificate prices
August was an extremely big month for participants in the Victorian Energy Efficiency Scheme with new 5 year targets announced and a surge in trading and certificate prices. Meanwhile NSW's scheme was more subdued but still rose nearly 10%.