Australian Coalition would weaken, not scrap Safeguard Mechanism -media
Australia’s opposition Coalition would seek to weaken the Safeguard Mechanism, but not scrap it altogether, local media reported Monday, however little details were revealed beyond that.
Read MoreBRIEFING: The little-known rule that gives Australia’s carbon market oversight body real teeth
Australia’s Emissions Reduction Assurance Committee (ERAC) late last year invoked a rule it has never used before which could have significant implications for the four methodologies it is currently reviewing.
Read MoreLDC expands carbon project portfolio in decarbonisation push
Commodity merchant Louis Dreyfus Company (LDC) has broadened its carbon project portfolio as part of a growing push to decarbonise its operations and supply chains, according to its 2024 Integrated Report.
Read MoreAustralia commits fundings to Nature Repair Market projects
The Australian government has announced funding in the upcoming budget will underpin projects in its Nature Repair Market (NRM).
Read MoreExxon confirms CCS cancellation due to decommissioning requirements
ExxonMobil on Monday confirmed it has cancelled its South East Australia Carbon Capture and Storage (SEA CCS) project offshore Victoria and said the oil platform planned as infrastructure will need to be decommissioned instead.
Read MoreAustralia’s environment sees slight improvement, but major threats to biodiversity persist, report finds
The status of Australia’s environment slightly improved last year, though habitat destruction, invasive species, and the ongoing climate crisis continue to threaten native ecosystems, according to an annual report released this week.
Read MoreAustralia launches new A$70 mln industrial decarbonisation funding round
The Australian Renewable Energy Agency (ARENA) has opened a second round of funding to support industrial decarbonisation valued at A$70 million ($44 mln).
Read MoreAustralia kickstarts Hydrogen Headstart programme with A$814 mln
The Australian government has awarded its first tranche of cash under the Hydrogen Headstart programme, with A$814 million ($515 mln) to Copenhagen Infrastructure Partners’ (CIP) Murchison project in Western Australia.
Read MoreAustralia Market Roundup: IFLM method shrinks grazing definitions, ACCU issuance rises
Commentary has highlighted ongoing uncertainty around the particulars of the closely-followed integrated farm land management (IFLM) method, while the issuance of Australian carbon credits rose in February.
Read MoreGovernments could cut emissions by a third if they nix fossil fuel subsidies -study
By eliminating the $7 trillion worth of subsidies granted for fossil fuels worldwide, governments can significantly boost their economic welfare and cut global CO2 emissions by about a third, according to a study published on Monday.
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