BHP to avoid carbon credits to meet medium-term emissions targets
BHP, the world’s biggest miner, has said it will not use carbon credits to meet its 2030 Scope 1 emissions reduction target, planning instead to achieve it through structural abatement, though its plans may change.
Read MoreAU Market: ACCUs trade higher, but likely to remain subdued for now, report says
The price of Australian Carbon Credit Units (ACCUs) has inched upwards in recent weeks thanks to steady demand from Safeguard Mechanism entities, however one report expects prices to continue to remain rangebound in the short term.
Read MoreAustralia taps chief scientist to lead review on fossil methane measurement approaches
The Australian government has appointed the country’s chief scientist to lead an expert panel to advise on greenhouse gas measurement approaches that could potentially improve its fossil methane estimations, it announced Monday.
Read MoreAustralia offers another A$200 mln to aid Great Barrier Reef
The Australian government will spend an additional A$192 million ($129 mln) to improve and protect the Great Barrier Reef’s water quality in order to prevent bleaching events and aid recovery when they do occur.
Read MoreAustralian Senate passes mandatory climate reporting legislation
The Australian federal government on Thursday passed legislation on mandatory climate reporting, which it said would provide greater clarity to investors and boost investment in the net zero transformation.
Read MoreAustralia’s Climate Active sees another departure
Another Australian company this week announced a decision to look more closely at changing the way it tackles net zero with a plan for only “limited” use of carbon credits and a plan to leave the government’s Climate Active programme.
Read MoreJapan, Southeast Asia vow to boost energy transition
Members of the Asia Zero Emission Community (AZEC) have agreed to expand their collaboration in decarbonisation projects with dozens of agreements signed, highlighting the developments of hydrogen, ammonia, and sustainable fuels.
Read MoreAustralian oiler prices the cost of carbon for new gas project
The costs of one of Australia’s upcoming LNG developments are set to rise thanks to Safeguard Mechanism requirements, adding around 30% to the price per unit of gas.
Read MoreUpdated NDCs could see Australia’s big emitters reach net zero early, says consultancy
Australia’s heavy emitters could reach net zero before 2050, a date adopted by the country as well as many large companies, should baseline emissions reductions covered under the Safeguard Mechanism bump up.
Read MoreStudy identifies Key Biodiversity Areas to scale up Antarctica protection
Establishing 30 new Key Biodiversity Areas (KBAs) in the Southern Ocean surrounding Antarctica has the potential to ensure native wildlife in the region does not decline due to human activities, a paper has said.
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