Federal Energy Minister Chris Bowen and the Greens have agreed on amendments to the Safeguard Mechanism including a requirement for net zero scope 1 emissions for new gas projects, separate methane and nitrous oxide reporting, and mandatory explanations for high offset use.
The Australian Sustainable Finance Institute's has released its final sustainable taxonomy recommendations and says there was overwhelming support from stakeholders for a framework which guards against greenwashing and supports capital flow into sustainable economic activities.
Phase one trials for the federal government's Guarantee of Origin (GO) Scheme for hydrogen production are now complete with participants successfully using an emissions calculator to estimate well-to-gate emissions for their hydrogen projects, according to the Clean Energy Regulator's Midway Report.
The European Commission plans to adopt a new directive requiring companies operating within the bloc to have their environmental claims verified independently, and clearly disclose their use of offsets to achieve emissions commitments.