Asian CCUS makes strides, will need continued govt support, report finds
Last year saw rapid progress for CCS and CCUS projects across Asia Pacific, with the ability to start dealing with CO2 imports making strides in key regions like Australia, Indonesia, and Malaysia, consultants said Thursday.
Read MoreAustralian investors remain determined to act on climate thanks in part to policy certainty, survey finds
Policy work by Australian state and federal governments has allowed investors to be more confident to spend cash on climate solutions in the country, a survey released Thursday found, despite global economic headwinds and a perceived lack of investment opportunities in the country.
Read MoreAustralian business, environmental groups dunk on govt’s new environment legislation
The federal government on Wednesday introduced legislation to establish national environmental watchdog and information gathering bodies, but the move has been criticised by business and environmental groups alike, highlighting deep divisions in Australia’s nature reform space.
Read MoreNSW consulting on GHG emissions reporting, reduction requirements for new and expanding projects
The New South Wales’ Environmental Protection Agency (EPA) is currently consulting on stricter guides and requirements for new projects emitting large volumes of greenhouse gases.
Read MoreAustralia’s major retirement funds remain too committed to fossil fuel-weighted investment -report
Activist shareholder group Market Forces, which was among those standing up to give Woodside Energy a black eye over its failed climate plans at its April annual general meeting, said Tuesday Australian superannuation funds have increased their exposure to fossil fuel companies despite net zero target dates of 2050.
Read MoreAustralian agri-tech firm develops beta soil organic carbon measurement models
An Australian agri-tech company has developed beta soil organic carbon measurement models that it says can reduce the reliance on extensive physical soil sampling.
Read MoreCCS project vetoed in Australia over water pollution concerns
A Glencore pilot carbon capture and storage project was knocked back by the Queensland state government Friday over what it said were serious environmental concerns, shutting the door to any further CCS projects in the area.
Read MoreGreenCollar walks away from Australian integrated farm land management method development
Australia’s largest carbon project developer, GreenCollar, has resigned from co-chairing the industry working groups developing the integrated farm land management (IFLM) method due to losing confidence in the process, a spokesperson told Carbon Pulse.
Read MoreAustralian states’ work on carbon markets informs Commonwealth innovation, conference hears
Australia’s states can work with the federal government to scale up the nation’s carbon market, a conference heard this week, although an industry roadmap would help guide its development.
Read MoreAU Market: Sophisticated financial instruments gaining traction in ACCU market, but future exchange will drive scale, traders say
Swaps and options transactions in the Australian carbon market are becoming more common place thanks to the variety of reasons entities were venturing into the market, traders told a conference this week, but scale will also be needed to meet the coming demand from the Safeguard Mechanism.
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