Key highlights for the third quarter of 2021 include record electricity generated from renewable sources, continued rapid growth in voluntary carbon markets, and strong registrations of new projects under the Emissions Reduction Fund.
Contents
Highlights
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2021 market outcomes and tracking against estimates
- A record 32% of electricity generated in the National Electricity Market in Q3 came from renewable energy sources. Rooftop solar is expected to reach a new record of 3.2 gigawatts this year
- Voluntary demand for units and certificates has grown at record levels off a low base – up 24% over the previous 12 months. Companies can now publicly show their net emissions position by opting-in to the Corporate Emissions Reduction Transparency report.
- Total Australia carbon credit unit supply for the year will reach a record 17.3 million units, outstripping expectations. With record numbers of new projects being registered and new and updated methods becoming available, the opportunities for the future look bright.
- Emissions reduction from schemes administered by the Clean Energy Regulator are conservatively estimated to reach 57 million tonnes of carbon dioxide equivalent (CO2-e) in 2021, but could be as high as 75 million tonnes.
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2021 market outcomes and tracking against estimates
Downloads
Resources
Webinar – Quarterly Carbon Market Report – September Quarter 2021
A webinar providing commentary by the Clean Energy Regulator on the report, carbon market trends and estimates will be held on Tuesday 14 December at 11am AEDT.
Register now to attend.