Support CCS like hydrogen to develop sector, commerce chamber tells Australian govt
The chamber of commerce in Australia’s largest gas-exporting state has argued the current Labor federal government is not doing enough to support carbon capture and storage (CCS) and should provide the same support it gives to green hydrogen development if the country is serious about meeting its climate goals.
Read MoreAustralia on course to miss emissions targets, say analysts
All unabated coal- and gas-power must be removed and coupled with a large increase in renewables, alongside a spend in the trillions of dollars, for Australia to meet its obligations under the Paris Agreement, a report released Monday found.
Read MoreAustralia Market Roundup: Govt seeks feedback on FullCAM model, guidelines
The Australian federal government on Friday released a consultation on its latest version of the Full Carbon Accounting Model (FullCAM) and associated guidelines.
Read MoreAustralia seeks advice on sustainable ocean plan, sees market opportunities
The Australian government on Friday distributed a draft sustainable ocean plan for public comment, offering little in terms of specifics at this early stage but saying the plan would bring a long list of opportunities, including for carbon and biodiversity markets.
Read MoreAustralia’s New South Wales introduces biodiversity offsets bill
The New South Wales government in Australia introduced a bill to reform the biodiversity offsets scheme to its Parliament on Thursday, requiring developers take measures to prioritise avoiding environmental harm.
Read MoreInvestors announce Australian regenerative agriculture partnership
Two investors on Wednesday announced an Australian partnership focused on ecosystem services and regenerative agriculture.
Read MoreAustralian carbon watchdog puts HIR under spotlight
Australia’s Clean Energy Regulator (CER), which oversees Australia’s carbon market, has made the process around gateway checks for human-induced regeneration projects a key priority for the ACCU Scheme over the next year.
Read MoreGas development will drive emissions rise in Australia’s Top End under all scenarios, says govt report
A government report, obtained by a reporter from Australia’s national broadcaster, found the Northern Territory government believes the gas industry will drive up its emissions by 100% even under a conservative scenario.
Read MoreAustralia’s biggest bank puts emitters on notice: No transition plan, no money
A shareholder activist group known better for being the scourge of the oil and gas and high-emitting resources industry and those who fund their polluting work has welcomed new, tough transition plans from Australia’s leading bank.
Read MoreJapanese power company expands carbon credit deal with trading house
One of Japan’s largest power retailers and generators has signed a long-term offtake agreement with a Singapore-based trading house for Australian carbon credits.
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