The first in a regular new CE Daily series that details what to look out for over the next few weeks, including regulatory changes, new grant schemes and federal and state policy proposals open for comment.
Most companies are closely watching the Federal carbon price push – and the likely outlines of a deal are starting to emerge – but state, territory and local governments are also taking action that has major implications for business.
The WA EPA should apply its Wheatstone 'best practice' CO2 benchmark to Woodside's Browse Basin LNG hub, while the EPA's Wheatstone move also highlights lax constraints imposed on Inpex by the Northern Territory Government, says the WA Conservation Council.
An OECD review of Australia's environmental performance says serious breaches are 'inadequately prosecuted' in some jurisdictions and recommends that enforcement be strengthened, especially against big polluters.
The OECD also says voluntary measures often don't have 'meaningful' monitoring and compliance mechanisms and recommends greater use of economic instruments.