A carbon price has been used to avoid or remove an EPBC greenhouse gas trigger, power station standards and CO2 approval conditions – but it would be 'open season' for their return if a carbon price goes, says environment group WWF.
What to look for in web-based carbon accounting tools; Greenpeace tallies coal investments by big four banks; and U.S. provides half a million in funding for Global CCS Institute.
In an Australian first, investors will put resolutions to the AGMs of Woodside and three other ASX-listed companies demanding that they reveal details of their greenhouse gas emissions and carbon policies, with 'sustainability provocateur' Paul Gilding saying businesses won't act on climate change unless investors – or governments – force them into it.
Economic modelling for the ACTU and the Australian Conservation Foundation concludes Australia would do better with a price on carbon and no imports of international carbon credits.
The Greens have today written to Prime Minister Kevin Rudd seeking Parliamentary debate of their fixed-price carbon proposal, with organisations including WWF, ACF and Greenpeace voicing their support.
As the Opposition joint partyroom meeting reconvenes for further battle, the Australian Aluminium Council has thown its weight behind passing the bills with the proposed amendments, as has WWF.
WWF chief Greg Bourne has hit out at big emitters ‘crying poor’, releasing new research showing ten firms – including BP, the company he used to run in Australia – will receive free permits worth $1.86 billion in 2012-13, despite making $868.5 billion in profits over the past five years.