Prime Minister Anthony Albanese today committed his government to establishing a new biodiversity certificates scheme, to be managed by the Clean Energy Regulator.
Inpex, TotalEnergies and Woodside will spend $165 million investigating a carbon storage site offshore from the Northern Territory, while Chevron and Santos will jointly assess CCS opportunities elsewhere.
The Australian Conservation Foundation has asked senators to strengthen the climate Bill's wording on the 2030 target, and to ensure it requires disclosures of Australia's exported emissions.
After an inquiry into her previous EPBC climate trigger Bill was repeatedly delayed and then lapsed, Greens Senator Sarah Hanson-Young will re-introduce a version of the Bill today.
The voluntary market for biodiversity credits could grow to be as important as the carbon credits market, according to Environment Minister Tanya Plibersek.
Companies shouldn't be allowed to use biodiversity offsets just because it's their cheapest option, and should disclose their carbon abatement strategies in EPBC referrals, Professor Graeme Samuel said today.
A Queensland environment group is relying on the EPBC Act's reconsideration provisions to ask for a re-evaluation of 19 major projects, because of their climate impacts.