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Page 7 - ஆஸ்திரேலிய கார்பன் கடன் அலகுகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Australia is about to get its first proper carbon market, will save business $100m

28 April 2021 Australia will soon have its first fully-fledged market for carbon permits, with the Clean Energy Regulator kick-starting work to establish a dedicated carbon trading exchange that will streamline and speed up trading of Australian carbon units. The CER has issued an expression of interest for potential developers of an online exchange for emissions offsets, allowing offsets to be quickly traded. It is expected to support the emergence of new players into market for emissions emissions reductions. The idea of establishing a dedicated exchange for government issued carbon units is to accelerate the trading and transfer emissions permits on a day to day basis, avoiding the need for traders to operate through often cumbersome emissions unit registries and is expected to significantly reduce transaction costs.

Another strong ERF auction

Date Time Another strong ERF auction The Emissions Reduction Fund continues to go from strength to strength, with around 6.8 million tonnes of abatement purchased at Auction 12 this month. Auction 12 also saw a variety of new project types being supported. Orica Limited, an Australian-based multinational, received a contract for 3.4 million Australian Carbon Credit Units (ACCUs) for a project that will reduce emissions by investing in new equipment. A reforestation project in New South Wales using aerial drone technology for seeding activities also received an ERF contract. This continues a run of recent excellent ERF results, including: 7 million tonnes purchased at the last auction (September 2020), the biggest result since 2017.

Santos releases its 2021 First Quarter Activities Report

Santos releases its 2021 First Quarter Activities Report 22 Apr 2021 Strong base business generated US$302 million free cash flow in first quarter First quarter production of 24.8 mmboe was 39 per cent above the corresponding quarter in 2020 primarily due to the ConocoPhillips acquisition which completed in May 2020 Production was 2 per cent lower than the December quarter primarily due to lower domestic gas demand in Western Australia and unplanned maintenance in PNG, offset by strong production from Bayu-Undan Higher GLNG equity gas production from the Roma and Arcadia fields supported annualised LNG production of 6.4 mtpa in the quarter First quarter revenue of US$964 million was stronger despite the contractual 3-month lag in oil-linked LNG prices and lower overall sales volumes

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