Australia passes Climate bill, albeit with little details
The bill translates the country's revised NDC into law but does not explain how to reach the target (-43% emissions by 2030, net zero by 2050).
Campaign to ban fossil fuels advertising launches in Australia
Fossil fuels kill more people than smoking, so fossil fuels advertising should be restricted like tobacco ads are, campaigners say. Leading health organisations have given their support to a ban…
Pacific islands look to international court for help on climate
Climate-threatened Pacific islands are pushing for the International Court of Justice to act on climate following a key regional summit in Fiji.
Westpac to slash lending to coal, oil companies by 2030
Australia's last big bank to join the Net-Zero Banking Alliance pledges to curb fossil fuel lending, unless deemed of 'national energy security interest'.
Australia: decisions on 19 fossil projects to be reassessed
19 coal and gas projects approved by the previous government could be forced to be re-assessed for potential damage to species and environments.
Australia’s IAG joins the Net-Zero Insurance Alliance
Australia’s largest insurer has a target of net-zero emissions by 2050 across its value chain, with an intermediate target of a 50% reduction by 2030.
Australian confirms end to support for CCS, soil carbon
The Australian government has set new priorities on electrification and energy efficiency technologies, affecting ACCU credit generating projects.
Quinbrook to finance $1.7Bn battery in Australia
Private equity firm Quinbrook Infrastructure Partners plans to finance a data storage facility including a 2GWh battery storage installation in Brisbane.
Australia emissions trading scheme set for 2023
The New Labor government’s plan will apply only to industrial emitters such as smelters and miners.
Australia to review carbon offsets following ‘fraud’ allegations
Australia's new Labor government has appointed a top scientist to lead a six-month review of the country's carbon credits following allegations that some projects earning credits are not really adding…
NSW taps into emerging biodiversity credit market
New South Wales government has set aside AU$107m for a new fund dedicated to buying biodiversity credits and selling them to land users.
Australia raises 2030 GHG reduction target to 43%
The Australian Government has lodged an updated Nationally Determined Contribution (NDC) with the UNFCCC. The new NDC is more ambitious than the country's previous 28% interim reduction target.
Australia regulator sets anti-greenwashing guidelines
The guidelines for investors and issuers include clear labels, terminology definition and explaining how climate factors into investment strategy.
W. Australia to shut state-owned coal plants by 2030
Premier says Western Australia's two remaining coal-fired power stations are becoming less viable due to rise of renewable energy.
New Zealand to tax burping of cow and sheep
New Zealand has announced a worlds-first plan to tax livestock burps in an effort to curb the country's gas emissions.
Icon Water plans net zero emissions by 2045
Icon Water has released its eMission Possible Plan, detailing a strategy to reduce its carbon emissions to net zero by 2045.
Australia’s domestic carbon credit price jumps 17%
The price of Australian carbon credit prices jumped following the election of the new government with a stronger stance on climate.
Australia’s new government to focus on renewable
The new Australian government is poised to boost renewable energy deployment and introduce carbon market reforms.
New Zealand publishes emissions reduction plan
New Zealand will accelerate its adoption of electric vehicles and investigate hydrogen as an alternative energy source.
New restrictions could cut offsets from rainforests
Indonesia and Papua New Guinea are rethinking overseas sales of credits.
Philippines big polluters liable for climate damage
Companies have a moral and legal obligation to address the harms of climate change, according to the Commission on Human Rights.
Tasmania goes net carbon negative by reducing logging
Tasmania is one of the first jurisdictions in the world to reduce CO2 emissions and increase removals to become net carbon negative.
Australia’s carbon market under scrutiny
The ruling Liberal-National coalition trumpeted the government-sponsored Australian Carbon Credit Units' (ACCUs') decarbonization advantages.
Singapore, NZ to work together on climate change
Singapore and New Zealand will work together on areas like energy transition technology, carbon markets, sustainable transport and waste management.
AU carbon price plunges after federal policy change
ACCUs plunged by more than 30% following the announcement that people will be able to opt out of their fixed-delivery credit contracts.
Victoria unveils its Offshore Wind Policy Directions
The Victorian State Government unveiled its vision for a renewable future and its support for a 13 GW of offshore wind.
New Forests to double Asian forestry assets
Land manager New Forests will double its sustainable forestry plantations in south-east Asia after securing $120 million.
New NZ rules for carbon farming of exotic forests
A new proposal could see future permanent plantings of exotic forests like radiata pine excluded from the New Zealand ETS.
Fossil fuel projects emit GHGs above estimates
One third of major Australian coal, oil and gas projects are emitting more than estimated at the time of their environmental approval.
Plan to stop carbon credit ‘shortcuts’
Grant King’s Climate Change Authority has been formally tasked by the Morrison government with reviewing imports of potentially dubious international carbon credits amid a surge in corporate demand for the…
Australia to expand gas industry under Morrison infrastructure plan
Scott Morrison is doubling down on fossil fuel production with new gas basins and pipelines in a plan slammed by climate campaigners.
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