The Australian refining industry could collapse without free permits, while making refiners liable for vehicle emissions imposes a financial risk "far out of proportion" to earnings, Caltex has warned. The company has based its concerns on a carbon price of A$40 to A$50 per tonne.
Victorian coast strategy warns on sea level rise; Sydney Water sets out sewer access terms; Pilot coal-drying plant up and running; Federal department seeks legal advice on federal/state water laws; Flannery says price carbon at $50 a tonne (video link); Soot lands shipping company in court
High Court rules licence variation invalid; Alcoa hit with million dollar legal bill; Turnbull and Garrett slug it out in Canberra debate; Tax carbon and abolish fuel tax, says Australian thinktank study; NYC mayor favours tax over trading
GHG permits likely to be worth $105 billion over a decade; Gore sees 'limited role' for nuclear; EBA seeks clean energy pledges from major parties; Qenos signs major recycled water deal; SA sets out details of licence fee restructure.
A federal Labor government would use the Mandatory Renewable Energy Target (MRET) scheme to ensure at least 20% of Australia's electricity is generated from renewable sources by 2020, Labor announced today. It would then want MRET phased out from 2020.
Vic minister warns of dangers of carbon price that's too low; IAG chief warns of government underspending on adaptation; CDP5 finds many Australian companies have emissions strategy in place, but GHG disclosure poor.
There would be net economic benefits from supporting emissions trading with a low to medium level clean energy target, says economic modelling commissioned by the Renewable Energy Generators of Australia (REGA).
Australia’s Prime Minister John Howard today announced a proposed Clean Energy Target (CET) scheme that would aim to generate an additional 30,000 gigawatt hours of renewable and low emission energy by 2020.
Parliament today passed legislation requiring larger greenhouse gas emitters to report their emissions and energy use from mid-2008 – but only after the government toned down a provision that will allow it to override reporting requirements in state and territory laws.