New carbon signal will be required to decarbonise Australian electricity sector once coal retires, think tank warns
Australia’s fleet of coal-fired power stations will retire in the early 2030s, but a new signal on carbon emissions will be required for the electricity sector to reach net zero, a report published Monday said.
Read MoreWorld could add 40% new LNG capacity before decade’s end, report says
The world’s long-term supply of LNG may well outstrip demand and markets may tip into oversupply in just two years, according to a report published this week, adding to concerns over the fossil fuel industry’s ability to reduce carbon emissions in line with global targets.
Read MoreAustralia opens extended fourth exit window for ERF contract holders, adds eligibility requirements
Australia’s Clean Energy Regulator on Friday opened the fourth pilot exit arrangement window for companies with fixed delivery contracts to sell carbon credits to the government’s Emissions Reductions Fund (ERF), with additional eligibility requirements for sellers.
Read MoreSingaporean tech firm teams up with Japanese biofuel developer on sorghum carbon projects
A Singapore-based tech company has partnered with a Japanese biofuel developer to create agriculture-based carbon credits from sorghum production.
Read MoreUS rating agency partners with offset platform to launch “highly-rated” carbon credit portfolio
A carbon offset buyer platform will offer a portfolio of credits vetted by a ratings agency to be “highly-rated” as part of a newly formed partnership announced Wednesday.
Read MoreAustralia’s largest resources export state fails again to buck emissions trend
Carbon emissions rose in Australia’s main gas-exporting state in 2022, government data showed Wednesday, making it tougher for the country to meet its obligations under the Paris Agreement.
Read MoreGreen industrial production set to migrate to renewables-rich countries -study
The production of energy-intensive green steel, chemicals, and hydrogen is likely to migrate from countries with limited renewables resources to those with abundant supply over the next two decades — but that does not have to result in a deindustrialisation for those that lose the operations, according to a study published on Wednesday.
Read MoreAustralian state to develop guide to reduce biodiversity impacts from renewable energy projects
The Australian state of Victoria is committing A$3.8 million ($2.5 mln) to develop tools and guidelines for renewable energy project developers to avoid harming local biodiversity, it announced Wednesday.
Read MoreAustralia’s Woodside sees climate plans rejected by AGM
Australia’s Woodside Energy saw its climate action plan rejected by shareholders at its annual general meeting in Perth on Wednesday with nearly 60% of investors voting against it, while the chairman suffered one of the largest shareholder revolts recorded for an ASX50 company in recent years.
Read MoreAustralia provides A$330 mln to decarbonise heavy industry
The Australian government has provided A$330 mln ($214 mln) in grant funding to heavy industrial facilities across the country to reduce their CO2 emissions by 830,000 tonnes per year, it announced Wednesday.
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