AGL Energy Limited was Australia's biggest emitter for FY22, while emissions from oil, gas and LNG increased by 3.3 million tonnes, according to the latest National Greenhouse Energy Reporting (NGER) data.
The government has today announced its plan to introduce a standardised, internationally-aligned climate risk reporting framework for business to ensure investors have the transparency needed to manage climate risks.
Australia's emissions are projected to be 48% below 2005 levels by 2035 despite recent emission rises, according to the first annual Climate Change Statement released today.
Businesses including Woodside, Lion, Boral, and Fortescue have for the first time disclosed their progress towards meeting climate change goals, in new reports released by the Clean Energy Regulator.
Australia should mandate more stringent carbon controls on companies and vehicles, and strengthen policies on biodiversity, waste and chemicals, according to the OECD.
Australia's latest greenhouse gas accounts don't prove the carbon price is a 'pointless burden', as claimed by Environment Minister Greg Hunt, but they do show that the scheme's influence has so far been modest, says Pitt & Sherry's Hugh Saddler.