The Clean Energy Regulator expects a rapid change in the carbon credit market towards long-term contracts, as big commercial buyers look to secure a reliable supply of credits.
In an Australian first, the Victorian government will support the development of offshore wind farms by setting a procurement target of at least 2GW of offshore clean energy by 2032.
A suite of new renewables power purchase agreements developed by the Renewable Energy Hub will reduce power bills for seven major infrastructure assets and speed their advance towards net-zero.
Some energy retailers argue the 'social cost of carbon' portion of the money that Victorians with solar receive for their grid exports is "over-stated, and needs to be reviewed by the government".
Investing in large-scale wind and solar generation in the Pilbara will be a decarbonisation priority for Rio Tinto over the next three years, with the repowering of its two Australian smelters not far behind.
Gold miner Northern Star Resources has revealed its decarbonisation strategy, and says the unexpected discovery of rare butterflies at Kalgoorlie has prompted it to reassess how a project proceeds.
The ACCC has granted approval for six councils in the Geelong region to jointly negotiate with Barwon Water to provide organic feedstock for a processing plant that will produce biogas and biochar.