Experts, investors baulk at Australian opposition’s proposals on nuclear, capping renewables

Published 09:06 on June 21, 2024  /  Last updated at 09:06 on June 21, 2024  / /  Asia Pacific, Australia

Multiple experts and asset owners have raised a number of issues with the Australian opposition’s thinly-detailed nuclear energy proposal, while renewable energy developers urged stakeholders not be distracted by the idea.

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Australian ministers agree 2030 biodiversity targets, include OECMs in Nature Repair Market

Published 09:00 on June 21, 2024  /  Last updated at 09:00 on June 21, 2024  / /  Asia Pacific, Australia, Biodiversity

Australian federal and state environment ministers on Friday agreed on an ambition to protect and conserve 30% of land and sea by 2030 and a number of other ambitions that the country will take to the biodiversity COP in Colombia later this year, while also agreeing to include Other Effective land-based Conservation Measures (OECMs) in the Nature Repair Market.

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South Australia releases green iron and steel strategy, calls for industry collaboration

Published 04:38 on June 21, 2024  /  Last updated at 04:38 on June 21, 2024  / /  Asia Pacific, Australia

The South Australian state government has published a green iron and steel strategy and put a call out to global industry to help it figure out how it can underpin investment in the nascent sector.

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Green ammonia key to unlocking Australia’s hydrogen superpower ambitions -analysis

Published 09:36 on June 20, 2024  /  Last updated at 09:36 on June 20, 2024  / /  Asia Pacific, Australia

Using green hydrogen instead of natural gas to decarbonise Australia’s established ammonia production sector provides a doorway to unlock the country’s hydrogen ambitions, and tax credits offered by the government in its latest budget could be the key, analysis published Thursday said.

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Santos “confident” it has enough ACCUs to meet projected Barossa Safeguard requirements

Published 07:08 on June 20, 2024  /  Last updated at 07:08 on June 20, 2024  / /  Asia Pacific, Australia

Oil and gas major Santos is “confident” it has enough Australian Carbon Credit Units (ACCUs) for its Barossa LNG project to meet its compliance obligations under the Safeguard Mechanism.

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Report urges Australia not to let coal mines self-report methane emissions

Published 15:01 on June 19, 2024  /  Last updated at 08:31 on June 19, 2024  / /  Asia Pacific, Australia

A report has warned against the Australian government moving to allow all coal companies to self-report their emissions, saying it could obscure millions of tonnes of methane pollution.

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Australia presents climate finance reporting, taxonomy steps in roadmap

Published 09:49 on June 19, 2024  /  Last updated at 09:49 on June 19, 2024  / /  Asia Pacific, Australia

The Australian government on Wednesday published a Sustainable Finance Roadmap that lays out the next steps of its reforms on climate reporting and a green finance taxonomy.

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Australian opposition lays out plans for nuclear energy

Published 02:04 on June 19, 2024  /  Last updated at 03:14 on June 19, 2024  / /  Asia Pacific, Australia

The Australian opposition Coalition is proposing to have two nuclear power stations up and running in the country by 2035 and 2037, and seven in operation “before 2050” as part of its climate and energy policy that it will take to the next election.

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Australian govt ringfences A$28.5 mln to restore the Great Barrier Reef

Published 12:03 on June 18, 2024  /  Last updated at 12:03 on June 18, 2024  / /  Asia Pacific, Australia, Biodiversity

The Australian federal Labor government announced Tuesday an allocation of A$28.5 million ($18.9 mln) to support the restoration and rehabilitation of coastal habitats on the Great Barrier Reef.

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INTERVIEW: Industry actors team up to create scalable, flexible biochar ACCU method

Published 03:52 on June 18, 2024  /  Last updated at 03:52 on June 18, 2024  / /  Asia Pacific, Australia

An industry collaboration has submitted an idea to develop a methodology to generate Australian Carbon Credit Units (ACCUs) from biochar creation, aiming for a design as scalable and flexible as possible.

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