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Showing 11 - 20 of 49 results for "Safeguard Mechanism"

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  FRIDAY, 16 AUG 2024  |  NEWS
... net zero Scope 1 and Scope 2 GHG emissions from our operations, and to meet compliance obligations under the Safeguard Mechanism Act." The Safeguard Mechanism applies to more than 200 of Australia's largest industrial facilities, including oil and ...

First Environmental Futures trade on ASX

ROSE MARY PETRASS  |  MONDAY, 29 JUL 2024  |  NEWS
... institutional investors, trading houses and carbon markets participants, compliance entities, and corporates as the Safeguard Mechanism comes into effect. "A liquid and transparent Environmental Futures market will give organisations greater visibility ...

Retirement heavyweight pitches climate fix

ROSE MARY PETRASS  |  THURSDAY, 27 JUN 2024  |  NEWS
... Mandate decarbonisation for the Future Fund, change the performance test, and introduce an equivalent to the safeguard mechanism. The Future Fund should also follow the Future Group (and NBIM) by having its own separate climate advisory board. "It would ...

Unclear rules pose investment risk

ROSE MARY PETRASS  |  THURSDAY, 23 MAY 2024  |  NEWS
Canberra is at odds with state governments over assessing emissions for coal and gas project approval. Contradictory approvals processes pose a risk of investment security downgrading, responsible investment and sustainability specialist Desiree Lucchese ...

ASIC consults on guidance for carbon markets

ROSE MARY PETRASS  |  WEDNESDAY, 8 MAY 2024  |  NEWS
... Australian Securities and Investments Commission (ASIC) proposed an overhaul of its regulatory guide to address the safeguard mechanism reforms. The proposed updates, which address reforms to the financial services and markets section of the Corporations ...

Three innovations to fix carbon market

ROSE MARY PETRASS  |  THURSDAY, 11 APR 2024  |  NEWS
... shifting from a focus on carbon neutrality to net zero alignment, beyond company value chains. Driven by the Safeguard Mechanism, ACCU demand will peak at 31 million units in 2033, says CMI, the member-based group targeting best practice in carbon markets ...

Flawed carbon credits add to business risk

ROSE MARY PETRASS  |  THURSDAY, 4 APR 2024  |  NEWS
... emissions, potentially costing billions of dollars for businesses that must rely on offsets to comply with Safeguard Mechanism. Carbon credits are widely used policy tool to offset the carbon produced by heavy emitters, bring down mitigation costs and ...

Carbon trading roundup: Verra, REDD+, BetaCarbon

ROSE MARY PETRASS  |  MONDAY, 4 MAR 2024  |  NEWS
... from 16 million-17 million ACCUs in 2023 to 30 million ACCUs by 2033. This will be driven by demand from the Safeguard Mechanism, which progressively ratchets up decarbonisation ambition in heavy industry. According to EY, Safeguard Mechanism will deliver ...

Climate-committed investor group grows to $35tr AUM

ROSE MARY PETRASS  |  THURSDAY, 15 FEB 2024  |  NEWS
... government agreed to sectoral policy plans to support an orderly and just transition to net zero, established the Safeguard Mechanism, and is set to enforce climate-related disclosures during 2024. The group also contributed to shaping Australia's National ...

BlueScope receives funding for lower emissions project

RACHEL ALEMBAKIS  |  THURSDAY, 1 FEB 2024  |  NEWS
... "Today's announcement acknowledges the strategic importance of supporting trade-exposed industries as the Safeguard Mechanism progressively ratchets up decarbonisation ambition in heavy industry," the Climate Capital Forum said. "This shows an understanding ...