Australia’s new Net Zero Authority has a long road ahead but targets achievable, chair says
The road to net zero and clean energy will be long, but the chief of Australia’s newly created Net Zero Authority believes the target is entirely achievable despite such a large chunk of the nation’s GDP made up of exports of fossil fuels, he said Tuesday.
Read MoreSafeguard facilities offer up reasons for heavy ACCU reliance for first time
Facilities covered under the Safeguard Mechanism have for the first time been asked to provide explanations for heavy reliance on Australian Carbon Credit Units (ACCUs) to meet their obligations, giving reasons ranging from unexpected production increases to limited carbon abatement technologies being available.
Read MoreVCM Report: CORSIA voluntary carbon futures spike looks overblown, say observers
Voluntary carbon futures eligible for Phase 1 CORSIA soared past $20 on the ICE bourse last week in the wake of a UN decision to block the approval of new supply into the international aviation emissions offsetting scheme, although S&P Global kept its related spot price assessment at $11.50.
Read MoreINTERVIEW: Australian group looks to develop regions-based nature repair model
An Australian environmental conservation organisation is seeking local government funding to establish environmental accounts that could inform biodiversity pilot projects, create jobs, and spur conservation efforts for the region.
Read MoreSafeguard facilities surrender 1.2 mln ACCUs in 2022-23, regulatory data shows
Safeguard Mechanism data published by Australia’s Clean Energy Regulator Thursday showed facilities covered by the scheme surrendered 1.218 million Australian Carbon Credit Units 2022-23.
Read MoreNA100 publishes guide on engaging with priority sectors
A guide for investor members of the Nature Action 100 (NA100) initiative on engaging with companies in eight priority sectors has been published by non-profit Ceres.
Read MoreAustralia open to include OECMs in Nature Repair Market
Australia on Wednesday released its second public consultation on Other Effective area-based Conservation Measures (OECMs), saying they might be approved for biodiversity crediting under the nation’s Nature Repair Market (NRM).
Read MoreCoal miner found underreporting emissions in Safeguard Mechanism – just part of a bigger problem, conservation fund says
An Australian coal miner got its Scope 1 emissions assessment under the Safeguard Mechanism wrong, according to a conservation group that lobbied for documents filed to the Clean Energy Regulator (CER) via Freedom of Information (FOI) requests, but this is just the beginning of coal mining’s emissions issues, the group said.
Read MoreRising temperatures could lead to Australian soils becoming a net emitter, study finds
International research has found that a warming climate will turn Australia’s soil into a net emitter of carbon dioxide.
Read MorePressure on for Australian govt to halt massive Woodside LNG life extension
One of Australia’s most noted retired statesmen and politicians has co-signed a letter asking the environment minister to reject Woodside Energy’s plan to extend the life of a 40-plus year old LNG export plant to 2070, a move seen to result in several billion tonnes of CO2e emissions.
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