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Showing 31 - 40 of 48 results for "Safeguard Mechanism"

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 ...

Investors call for 75% emissions reduction by 2035

RACHEL ALEMBAKIS  |  THURSDAY, 29 SEP 2022  |  NEWS
... and establishing sector by sector goals to 2050. Further, IGCC has recommended that government ensure the Safeguard Mechanism is aligned with 1.5°C, and establish policies that unlock private sector investment in adaptation and include climate risk ...

Government launches review of Safeguard Mechanism

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
The federal government has launched a review of the Safeguard Mechanism as part of its overall policy to reduce Australia's carbon emissions by 43% by 2030. The government is seeking consultation on the proposed review and reform of the Safeguard Mechanism ...

Fixing Australia's complicated carbon market

RACHEL ALEMBAKIS  |  THURSDAY, 11 AUG 2022  |  NEWS
... that "parts of the market that contribute to meeting Australia's emissions reduction target, such as the Safeguard Mechanism, are isolated from the voluntary market used by companies and other organisations. And the voluntary market is largely remote ...

Does Canberra's agenda align with sustainable investment?

RACHEL ALEMBAKIS  |  THURSDAY, 11 AUG 2022  |  NEWS
... Fund to support new-energy industries, plus $1.1 billion to go towards green skills and a "revamp of their Safeguard Mechanism - the pollution threshold that underpins Australia's carbon credit scheme -driving greater clarity and accountability for big ...

Labor victory likely to increase ACCU demand: CBA

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 MAY 2022  |  NEWS
... that Labor's plan to achieve its 43% emissions reduction target by 2030 involves two proposed changes to the Safeguard Mechanism, which was introduced in 2016 to limit emissions from Australia's largest carbon-intensive facilities (100,000 tonnes of ...

Carbon offsets essential to net zero ambitions: Grattan Institute

RACHEL ALEMBAKIS  |  THURSDAY, 14 OCT 2021  |  NEWS
... offsets because of the robust nature of Australian Carbon Credit Units (ACCUs) and their use as part of the Safeguard Mechanism. The Safeguard Mechanism requires Australia's largest greenhouse gas emitters to keep their net emissions below a baseline ...