Australia can cut bills and emissions at the same time, report finds
A review of options to cut costs in Australia’s energy sector has found that all key pathways are either aligned with, or independent of, the country’s net zero ambitions – countering claims that decarbonisation is driving up prices.
Read MoreAustralian state commits A$170 mln for renewable fuels
One of Australia’s states on Friday unveiled its Renewable Fuels strategy, backed with A$170 million ($109.6 mln) to scale supply.
Read MoreNZ climate commission left hanging on 2050 targets advice
The New Zealand government has yet to formally reply to the Climate Change Commission (CCC) about advice on the 2050 targets, due by Friday, despite slipping its decision into a release last month.
Read MoreFaster renewable uptake to cut NZ gas demand 70% by 2030 -report
New Zealand’s quickening rollout of renewable energy will displace 70% of electricity sector demand for gas by 2030, a report said this week.
Read MoreAustralian Market Roundup: Regulator consults on increased ACCU issuance transparency, 2.5 mln units issued
The Australian government has proposed changes to the register for Australian Carbon Credit Unit (ACCU) projects, including enhanced transparency on historical issuances, as 2.5 million units were issued in October.
Read MoreCOP30: BRIEFING – NZ minister’s speech trumpeting climate action ‘gaslighting’ -observers
New Zealand’s climate minister Simon Watts took to the stage in Belem calling for COP30 to ensure the world keeps the 1.5C goal alive, however NGOs and experts back home derided his remarks following a series of policy changes that have weakened the country’s climate ambitions.
Read MoreCOP30: Vanuatu not ‘pushing’ ICJ hard for Belem outcomes, eye on UNGA prize -minister
There has been pushback in the negotiating rooms at COP30 on the International Court of Justice’s (ICJ) landmark advisory opinion on climate change, despite countries referencing it in public statements, Vanuatu climate minister Ralph Regenvanu said on Tuesday.
Read MoreSri Lanka issues first blue bond, raising almost $10 mln
Sri Lanka’s DFCC Bank has issued the small island nation’s first ever blue bond, successfully raising close to $10 million.
Read MoreMining giant signs A$35 mln agreement for zero-emissions steel plant
An Australian mining giant has signed a joint development agreement with an environmental technology company to support the construction of a demonstration zero-emissions steel plant, it said on Monday, ringfencing at least A$35 million ($22.8 mln) for the project.
Read MoreAustralian Opposition proposes scrapping Safeguard, building out gas and nuclear
The Liberal-National opposition coalition in Australia has set out its new energy policy, featuring proposals to expand gas exploration, lift the moratorium on nuclear power, and replace the Safeguard Mechanism with a different baseline-and-credit scheme.
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