The Northern Territory government today lifted its moratorium on fracking after accepting all recommendations of an independent inquiry, including its call for the offsetting of greenhouse gas emissions.
In a landmark development, an inquiry reporting to the Northern Territory government has recommended an onshore shale gas industry should only be allowed if it fully offsets greenhouse gas emissions.
Many more farms will now be able to earn carbon credits by boosting soil carbon, and administration costs for existing soil projects will fall markedly, under new changes announced by Environment and Energy Minister Josh Frydenberg.
Chevron is facing the prospect of tougher greenhouse gas conditions for its Wheatstone LNG plant, after the Western Australian EPA today announced it would review the existing requirement.
A sweeping new review of the Emissions Reduction Fund will examine all aspects of the scheme, including the role of the behind-the-scenes secondary market for carbon credits.
The first mandatory review of an Emissions Reduction Fund carbon credits method is now underway, with major ramifications for waste companies, AGL and councils.