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Showing 11 - 20 of 34 results for "Safeguard Mechanism"

Australia considers carbon tariff to level playing field

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
... the review to think broadly about the possible carbon leakage policies that could complement and support the Safeguard Mechanism reforms and welcome business engagement in this process." Betashares responsible investments director Greg Liddell expressed ...

Government commits public service to net zero by 2030

RACHEL ALEMBAKIS  |  THURSDAY, 31 AUG 2023  |  NEWS
... driving least-cost abatement. Private purchase of ACCUs is growing and is expected to accelerate due to the Safeguard Mechanism reforms. The government remains committed to purchasing ACCUs through the Powering the Regions Fund, as indicated in the Powering ...

Revenue recycling carbon tax would increase Australia's GDP

ROSE MARY PETRASS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... the Abbott government set up the Emission Reduction Fund in 2014 and emissions resumed growth. The climate safeguard mechanism is a component of this change policy tool that applies to direct emissions from designated large facilities. If companies fail ...

Companies urged to address Scope 3 emissions

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
... Companies need to address their Scope 3 emissions and sustainability claims for greenwashing, ahead of new Safeguard Mechanism rules. With Safeguard Mechanism reforms set to come into effect on July 1 for the hard-to-abate sector of industrial emitters ...

Super funds ESG options underweight BHP, overweight CSL: Rainmaker Information

RACHEL ALEMBAKIS  |  THURSDAY, 27 APR 2023  |  NEWS
... mix of divestment, engagement and positive portfolio construction. And this should be overlaid with how the Safeguard Mechanism works, ASIC's greenwashing crackdown and other enhanced ESG reporting initiatives." Dunnin said super funds have by and ...

New report finds global carbon markets hit new record amid energy crisis

ROSE MARY PETRASS  |  MONDAY, 27 MAR 2023  |  NEWS
... hard-to-abate sector of industrial emitters in July 1 2023 following industry consultation on reforms to the Safeguard Mechanism, with Climate Change and Energy minister Chris Bowen stating the scheme will end "10 years of policy dysfunction" on climate ...

2023 the year for business action on climate change: EY

RACHEL ALEMBAKIS  |  THURSDAY, 2 FEB 2023  |  NEWS
... legislated target of cutting Australia's greenhouse gas emissions by 43% by 2030 - proposed reforms to the Safeguard Mechanism, the Chubb Review into Australia's carbon offset scheme and proposed introduction of mandatory reporting disclosures ...

Safeguard Mechanism reforms to prompt ACCU demand

RACHEL ALEMBAKIS  |  THURSDAY, 26 JAN 2023  |  NEWS
... improvements to governance and transparency. At the same time, the government has also proposed changes to the Safeguard Mechanism, which requires Australia's largest greenhouse gas emitters to keep their net direct emissions below a baseline emissions ...

Chubb Review recommends reforms to ACCU governance

RACHEL ALEMBAKIS  |  THURSDAY, 12 JAN 2023  |  NEWS
... provide if Australian companies were allowed to use international offsets to reduce their emissions under the Safeguard Mechanism." Allan Gray responsible investing analyst Stephanie Derrington pointed to specific examples to provide insight. "The Chubb ...

Australian businesses exposed to EU carbon levy

RACHEL ALEMBAKIS  |  THURSDAY, 12 JAN 2023  |  NEWS
... understand how they stack up in the context of efficiency and intensity of product." Currently, Australia's Safeguard Mechanism does not meet the definition of an ETS, so Australian goods would have to face CBAM. "Does this create opportunity for ...