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Showing 1 - 10 of 34 results for "Safeguard Mechanism"

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 ...

Climate Change Authority releases ACCU and NGERS reviews

ROSE MARY PETRASS  |  TUESDAY, 19 DEC 2023  |  NEWS
... primarily focused on NGERS, citing insufficient availability of data to assess the performance of the reformed Safeguard Mechanism. The review found that the scheme is performing well and plays a crucial role in meeting Australia's international ...

Carbon credit review falls short on CO2 capture and slavery

ROSE MARY PETRASS  |  MONDAY, 27 NOV 2023  |  NEWS
... and leakage, as well as addressing supply and demand, land use competition, and the intersection with the Safeguard Mechanism. Researchers are also exploring how to value co-benefits, such as First Nation's community outcomes and biodiversity. International ...

Investors press Boral for clarity on net zero ambitions

RACHEL ALEMBAKIS  |  THURSDAY, 26 OCT 2023  |  NEWS
... provides the appropriate base starting point for setting our FY30 targets aligned with our obligations under the Safeguard Mechanism. We committed to confirming these new targets in the current financial year." The group acknowledges that part of the ...

Investing in net zero "makes business sense": Energetics

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... have an explicit carbon price today, but there will be a Carbon Border Adjustment Mechanism, there's the Safeguard Mechanism, and an increased focus on Scope 3 will lead companies to preference suppliers with lower emissions. Q: How do both companies ...

Act now on carbon emissions to avoid higher costs later: EY

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... the potential issuance of an additional 20 million ACCUs annually by 2035. EY believes that reforms to the Safeguard Mechanism will deliver "significant reductions" in net emissions, but predicts that direct abatement needs will rise to 43 million tonnes ...
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