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 Australian Securities & Investment Commission has launched its first court action for greenwashing, with proceedings in the Federal Court commencing against Mercer Superannuation (Australia) Limited for allegedly misleading consumers about the sustainable nature of its investment options.
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.
The McGowan Government has committed to enshrining WA's net-zero 2050 target in law - along with a pledge to reduce government sector emissions by 80% by 2030.
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.
A re-elected Victorian Labor government would adopt a world-leading emissions reduction target for 2035, and would advance the state's net-zero deadline by five years.