Critics say a plan for special large-emitter carbon credits is risky, and could mean major companies pay little for their emissions for years, but big emitters argue that's not the case.
A renewable methane project involving CO2 drawdown from the air, and a green ammonia feasibility study by BP, will share $2.8 million in ARENA funding.
The proponent of Australia's first offshore wind farm, which could meet 18% of Victoria's power needs, has applied to the state and federal governments for approval.
In a move that highlights the growing regulatory focus on scope 3 emissions, Woodside has secured approval for its Scarborough gas field development only after the project's downstream emissions received unprecedented scrutiny.
Results from the latest ERF auction, released today, show average prices rose by about $2, and reveal significant interest from abatement providers in the new optional contracts to supply credits.
Emissions from big emitters covered by the Safeguard Mechanism have increased by 12.7 million tonnes over the past two years, new data from the Clean Energy Regulator shows.
The Climate Change Authority has recommended an inquiry into whether to introduce mandatory disclosure requirements for business of climate change-related financial risks.