Government should incentivise renewables investment to lure trillions in pension fund dollars -pension funds

Published 11:25 on December 1, 2023  /  Last updated at 21:18 on December 1, 2023  / Helen Clark /  Asia Pacific, Australia

Australia has a truly remarkable amount of private wealth under management thanks to its mandated pension scheme, but more of this money should be invested by the big superannuation funds into renewable and clean energy, a report said Friday.

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Cleaner mining offers emissions benefit for Australia -science body

Published 11:08 on December 1, 2023  /  Last updated at 11:08 on December 1, 2023  / Helen Clark /  Asia Pacific, Australia

A wide ranging report on the opportunities for decarbonisation in Australia by its peak scientific body released Friday found the mining sector could be one of the earlier cabs off the rank.

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ACCU demand to peak in 2031, govt predicts

Published 07:57 on December 1, 2023  /  Last updated at 07:57 on December 1, 2023  / Mark Tilly /  Asia Pacific, Australia

The federal government has laid out its projections for Australian Carbon Credit Units and Safeguard Mechanism Credits (SMCs), expecting demand for ACCUs to peak in 2031.

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Australian govt seeks to finalise Nature Repair Market recommendation report on Monday, Senate documents show

Published 03:51 on December 1, 2023  /  Last updated at 03:51 on December 1, 2023  / Mark Tilly /  Asia Pacific, Australia, Biodiversity

The Australian government is making moves in the Senate to get a report into its Nature Repair Market legislation finalised on Monday, some five months ahead of its official deadline.

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Australia’s New South Wales legislates emission reduction targets

Published 06:17 on November 30, 2023  /  Last updated at 06:17 on November 30, 2023  / Mark Tilly /  Asia Pacific, Australia

The New South Wales (NSW) state parliament on Thursday passed legislation that will make its emissions reduction targets legally binding, the government announced.

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Australian pipeline giant expands decarbonisation plans

Published 05:59 on November 30, 2023  /  Last updated at 05:59 on November 30, 2023  / Helen Clark /  Asia Pacific, Australia

An Australian pipeline company has signed on a junior partner to develop more biomethane as it takes steps to decarbonise its operations longer term.

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Australia’s emissions rise by 4 Mt as govt’s “broad and deep” climate agenda yet to translate to GHG reductions

Published 03:36 on November 30, 2023  /  Last updated at 05:37 on November 30, 2023  / Mark Tilly /  Asia Pacific, Australia

Australia’s GHG emissions have risen by 4 million tonnes of CO2e in 2023 and although the government is pursuing a “broad and deep” climate policy agenda it has yet to translate to falls in GHGs, a report by the country’s Climate Change Authority said Thursday.

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First ever carbon mineralisation at active mine now fully funded

Published 22:10 on November 29, 2023  /  Last updated at 22:10 on November 29, 2023  / William Koblensky Varela /  Americas, Asia Pacific, Australia, Canada, Voluntary

A Canadian province announced funding for a carbon removal mineralisation company, allowing the world’s first CO2-to-rock project at an active mine to go ahead in Australia on Wednesday.

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COP28: Boosting climate resilience of food and agriculture to be new focal point at UN climate talks

Published 17:03 on November 29, 2023  /  Last updated at 17:03 on November 29, 2023  / Bryony Collins /  Africa, Americas, Asia Pacific, Australia, Climate Talks, EMEA, International, Nature-based, Voluntary

Greater focus will be given to food and agriculture this year at COP28 in Dubai, as the links between food production and climate change become increasingly apparent, with a day dedicated to the topic and a concerted push to get governments to align agricultural policies with their emissions pledges.

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L’Oreal teams up with Great Barrier Reef Foundation to calculate coral reef biodiversity value

Published 07:02 on November 29, 2023  /  Last updated at 00:55 on November 30, 2023  / Mark Tilly /  Asia Pacific, Australia, Biodiversity

Global beauty product brand L’Oreal is partnering with the Great Barrier Reef Foundation (GBRF) to pioneer a methodology to calculate the value of coral reef biodiversity and support the deployment of heat-tolerant corals.

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