Safeguard Mechanism’s cost containment measure unlikely to be needed, will stifle innovation, outlook says
The cost containment measure (CCM) function under Australia’s reformed Safeguard Mechanism is unlikely to be needed and its purpose should be addressed, according to analysis released Friday.
Read MoreAustralian govt suggests offering ACCUs to biomethane producers as a way to incentivise investment
Biomethane producers could earn Australian Carbon Credit Units (ACCUs) as a way to attract finance and investment in decarbonising hard-to-abate sectors, according to a government discussion paper, however cost and lack of current demand could prove challenging.
Read MoreBuild it and they will sequester: Australian expert calls for govt CO2 pipeline help to aid CCS
If Australia is serious about cutting emissions and supporting carbon capture and storage (CCS), the government should do more than improve legislation and back industry via an infrastructure build, a Perth energy conference heard this week.
Read MoreAustralia’s GreenCollar Group issues over 50k NaturePlus credits to its own project
Project developer GreenCollar Group, which last year launched its own biodiversity credit scheme, has issued over 50,000 NaturePlus units to one of its own restoration projects, the second batch of units generated under the framework.
Read MoreSuperannuation spend on oilers is falling, but more needed -activist investor
Investment from one of Australia’s largest sources of cash, superannuation or retirement funds, is dropping when it comes to Australian Securities Exchange-listed oil and gas companies, an activist share group said Wednesday.
Read MoreMethane emissions from fossil fuels keep rising, when they could quickly be stemmed -IEA
Global methane emissions reached a record high in 2023, when they need to fall by three-quarters within the decade in order to help limit the temperature rise to 1.5C, according to International Energy Agency (IEA) data published on Wednesday.
Read MoreAustralia, PNG launch climate finance initiative with GGGI
The governments of Papua New Guinea and Australia, alongside the Global Green Growth Institute (GGGI), have launched a A$20 million ($13.2 mln) climate finance programme.
Read MoreFEATURE: Industry-led emissions reporting for financial institutions outpaces EU regulations
An industry partnership that develops guidelines for financial institutions to disclose their Scope 3 value chain emissions is fast gaining momentum for both voluntary and mandatory reporting, with parts incorporated into EU regulations even as the bloc postpones issuing its own sector-specific guidelines.
Read More“No appetite” for carbon neutral LNG as buyers too price sensitive, oil major says
There is little appetite in the buyers’ market for lower carbon LNG cargoes given they are already very “price sensitive”, an oil executive told an investor briefing Monday.
Read MoreJust 6% of past voluntary carbon credit issuances likely to meet ICVCM’s CCP label -analysts
A little over 6% of historical credit issuances have a strong chance of receiving the CCP label by the Integrity Council for Voluntary Carbon Markets (ICVCM), with the tag potentially a more stringent marker of quality than CORSIA-eligible credits, according to market analysts.
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