Unpublished Chubb review submission slams Australia’s carbon industry, calls for CAC exit decision to be referred to NACC
A blistering unpublished submission to the Chubb review on Australia’s carbon market that was run by local media Wednesday has decried what it said was a “self-congratulatory, inward looking, anti-competitive” industry.
Read MoreAustralian steelmaker hits 2030 emissions target early
Australia’s largest steelmaker has hit its mid-term climate goals early, reducing emissions intensity by 12% since 2018, far ahead of its 2030 target date.
Read MoreAustralia Market Roundup: Participants urge govt to show leadership on method development, regulator issues 1.4 mln ACCUs
Australian carbon market participants have urged the government to provide clear signals on which method developments it will prioritise to meet its climate goals, warning that the current lack of certainty is hampering investment.
Read MoreAustralia’s Clean Energy Regulator to launch new registry in November
The Clean Energy Regulator’s (CER) carbon, renewable energy, and nature unit registry that is currently in development is set to be finalised in November, according to its acting chair.
Read MoreAU Market: Australian regulator to update contract exit figures by month’s end
Australia’s Clean Energy Regulator (CER) will provide an update on the volume of carbon credits that have been released during the latest exit arrangement window.
Read MoreAustralian cattle body seeks to exempt agricultural lands from EU deforestation rules
An Australian cattle industry lobby group has released its definition of deforestation, in an attempt to seek exemptions for agricultural lands from upcoming EU rules.
Read MoreAustralia consults on ACCU Scheme transparency changes
The federal government Monday published an exposure draft for consultation on transparency changes to the Australian Carbon Credit Unit (ACCU) Scheme.
Read MoreInternal audit reveals ongoing integrity concerns with the Clean Energy Regulator
An audit of the Clean Energy Regulator (CER) has found weak governance practices regarding internal conflicts of interest (COI) within the organisation, according to documents published Monday, issues that critics continue to say are indicative of much broader problems with Australia’s carbon market.
Read MoreAustralia’s new hydrogen paper confirms plans for all-green future
Australia has debuted a new national hydrogen strategy as part of its wider Future Made in Australia (FMIA) strategy which it says will cut CO2e emissions by between 93-186 million tonnes per year by 2050, with up to 15 Mt/year of green hydrogen produced at the same time and the Safeguard Mechanism driving hydrogen tech uptake by businesses keen to drop emissions.
Read MoreAU Market: Over 1 mln units traded in a single day pushes ACCU prices to 16-month high
The generic spot price for Australian Carbon Credit Units (ACCUs) reached a 16-month high Thursday off the back of over 1 million credits changing hands throughout the day.
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