Japan passes CCS bill but storage capacity small compared to overseas opportunities, report says
Japan has passed its carbon capture and storage (CCS), but the amounts planned by the nation for domestic storage are dwarfed by its larger emissions profile and lack of proper geological storage space, while a report Monday outlined benefits of a large-scale CCS industry in Australia potentially taking a far greater portion.
Read MoreANALYSIS: Australia’s Clean Energy Regulator urges Safeguard facilities to ramp up decarbonisation tech investments
The Clean Energy Regulator (CER) has pressed company executives with facilities covered under the Safeguard Mechanism to invest in research, development, and deployment of technology to cut emissions at source as soon as possible, warning that relying on carbon credits alone will not be sufficient.
Read MoreFEATURE: Just transition approaches need refinement, some countries lead the way
Public backing for the low-carbon transition is a key cornerstone of enabling economies to shift towards a 1.5C-aligned world, with a growing number of countries now acknowledging the importance of a ‘just transition’, though approaches diverge significantly and finance remains a key stumbling block.
Read MoreAustralian organisation releases guide to enhance biodiversity in solar farms
An Australian non-profit consultancy has released a set of strategies to achieving net gain in biodiversity within new solar farms, as its country plans to enhance efforts to prevent renewable plants from harming ecosystems.
Read MoreFEATURE: Seismic studies the new frontier for CCS earnings
Seismic companies are increasingly collaborating, investing, and lining up for carbon capture and storage (CCS) work, thanks to increasing interest from countries globally looking to the technology as a way to foster CO2 trading and markets, as well as meeting emissions reductions targets.
Read MoreCarbon pricing proves its worth in reducing emissions, global meta-study shows
Carbon pricing schemes, such as taxes and cap-and-trade systems, are significantly reducing global greenhouse gas emissions, a new meta-study has found, though the results vary widely depending on the policy’s design and implementation.
Read MoreAustralia Market Roundup: Govt, Greens strike to deal to pass vehicle emissions standards, ACCU issuance rises
The federal government and the Greens have agreed to pass legislation on New Vehicle Efficiency Standards (NVES) and oil and gas tax changes in exchange for the government dropping an amendment that would allow oil and gas projects be exempt from federal environmental assessments.
Read MoreAustralian carbon industry veteran appointed chair of GreenCollar
Australia’s largest carbon project developer has appointed a company board member and industry stalwart as its chair, it announced Friday.
Read MoreAustralian carbon project developer partners with investment firm to finance environmental plantings work
An Australian carbon project developer has acquired land funded by an investment firm in exchange for the proceeds of Australian Carbon Credit Units (ACCUs) generated and sold from the property, they announced Thursday.
Read MoreEnvironment groups lash Australian govt’s lack of cash for nature in latest budget
Australia’s 2024 budget arrived late Tuesday delivering a A$9.3 billion ($6.1 bln) surplus and is spending big to drive mining and clean energy, but has been attacked for its lack of attention to the protection of nature despite cash of over A$300 million offered.
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