Federal Energy Minister Chris Bowen and the Greens have agreed on amendments to the Safeguard Mechanism including a requirement for net zero scope 1 emissions for new gas projects, separate methane and nitrous oxide reporting, and mandatory explanations for high offset use.
The Australian Sustainable Finance Institute's has released its final sustainable taxonomy recommendations and says there was overwhelming support from stakeholders for a framework which guards against greenwashing and supports capital flow into sustainable economic activities.
In a dissenting report to the Senate's recommendations on the Safeguard Mechanism (SM) reforms, the Greens have remained steadfast in their position, urging the senate not to pass the Bill "given the danger that new coal and gas projects pose to a stable climate."
The development of a congestion relief market (CRM) and a review of the national hydrogen strategy were among the top priorities agreed upon at the first Energy and Climate Change Ministerial Council (ECMC) meeting, held last Friday.
While businesses might be saying publicly they support the government’s proposed changes to the Safeguard Mechanism, Coalition spokesperson on climate change and energy, Ted O’Brien, says privately, "numerous" businesses in a range of industries have approached his office and urged the Coalition to campaign against the changes.
A UN taskforce has released a report aimed at reducing greenwashing and improving the reliability of corporate net-zero pledges and climate commitments.
Scientific advice commissioned by the Chubb Review proposes tighter constraints on new ERF vegetation regeneration projects, as well as landfill gas projects.
Two facilities with Safeguard baselines far above their actual emissions are undergoing state assessment processes that could more tightly cap what they emit, irrespective of Safeguard changes.
The ACCC will ensure that competition law doesn't impede collaborative efforts to decarbonise, its senior executives have told a House of Representatives committee.
GreenCollar, the nation's largest environmental markets investor, and university researchers including Professor Andrew Macintosh, have jointly told the Chubb review they have shared concerns about Australia's carbon credits regime.