BRIEFING: Greening the steel industry will take time, but near-term emissions cuts can’t be ignored, conference hears
Green steel is likely a long way off from being a commercially viable product, but producers could take a range of steps now to begin cutting emissions that would barely affect their bottom line, a conference in Singapore heard this week.Â
Read MoreMake international SAF eligible in Australia’s Safeguard Mechanism, aviation giants argue
Australian airlines should be allowed to count sustainable aviation fuel (SAF) used or produced outside the nation to meet their decarbonisation goals under the Safeguard Mechanism, a paper argued Monday.
Read MoreEmpty gas fields could host large-scale Australian energy storage projects -paper
Some depleted oil and gas reservoirs in onshore Queensland could be repurposed as compressed air energy storage (CAES) and offer a decarbonisation solution, according to researchers.
Read MoreNew Zealand budget slashes funding for construction of voluntary carbon market
New Zealand released its 2025 national budget Thursday, cutting annual funding for building a domestic voluntary carbon market by 35% while allocating NZ$200 million ($118.6 mln) for natural gas development amid a steep decline in domestic supply in recent years.
Read MoreMining boss calls for end to Australian fuel subsidy and cleaner iron ore instead
An Australian mining billionaire would like to see the fuel excise that benefits his company scrapped or at least redirected to force companies that enjoy its discounts to spend the same on green energy and decarbonisation development.
Read MoreIEA flags growing challenges to critical mineral supply
The International Energy Agency (IEA) on Wednesday released an updated critical minerals report, saying there are potential supply crunches for the majority of minerals needed for a clean energy transition.
Read MoreAustralia’s house-building could blow carbon budget -report
As much as 11% of Australia’s total carbon budget could be blown by house-building alone unless steps are taken now to cut the upfront carbon embedded in the building phase, an industry association warned Tuesday.
Read MoreNew Zealand’s only CCS project could be dropped due to insufficient carbon price
New Zealand is set to abandon its only carbon capture and storage (CCS) project after proponent Todd Energy said the economics don’t stack up as rules currently stand, despite a NZ$50 ($39) carbon price, Radio New Zealand (RNZ) reported Monday.
Read MoreStates could drive emissions drop at Australian coal mines, think tank says
Complementary policy tools could help reduce emissions at a swathe of coal mines on the east coast of Australia by leveraging state emissions targets in tandem with the Safeguard Mechanism, and incentivise real fugitive methane leak drops over offsets and other federal measures, a think tank said Monday.
Read MoreAustralian developer argues enviro plantings offer best ACCU returns as market to turn tight
The Australian carbon market is facing the threat of an undersupply undertow despite the buoyancy created by the recent federal election result, a project developer said Monday.Â
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