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Showing 1 - 10 of 46 results for "Safeguard Mechanism"

Net zero, energy transition key election items: Grattan

JAMIE WILLIAMSON  |  MONDAY, 17 MAR 2025  |  NEWS
... distributed, and the national target can be achieved." Quick wins would involve staying the course on the Safeguard Mechanism and the New Vehicle Efficiency Standard, and winding back fuel tax credits. "... winding back fuel tax credits could reduce ...

Carbon Market Report shows positive momentum

ELIZA BAVIN  |  MONDAY, 3 MAR 2025  |  NEWS
... latest Quarterly Carbon Market Report (QCMR) shows that Australia's carbon market, coupled with the reformed Safeguard Mechanism, are assisting businesses to make strong contributions toward Australia achieving its emissions reduction targets. In 2024 ...

Australia waits for 2035 target

ROSE MARY PETRASS  |  MONDAY, 11 NOV 2024  |  NEWS
... private sector to make sustainable options more competitive. He said one solution could be an expansion of the Safeguard Mechanism to tighten emissions limits in key sectors to incentivise decarbonisation. Kean stressed the importance of government coordination ...

ASIC clarifies licensing rules for carbon market

ROSE MARY PETRASS  |  WEDNESDAY, 9 OCT 2024  |  NEWS
... Advisors and traders are not the only carbon market participants that must comply with tricky licensing laws as Safeguard Mechanism reforms kick in. According to the corporate regulator, other market players may need a license. From this financial year ...

Carbon price could stall $600bn super loss

ROSE MARY PETRASS  |  FRIDAY, 4 OCT 2024  |  NEWS
... politics hasn't quite worked. "Ideally we would start with a cap-and-trade system, but we already have the Safeguard Mechanism so we should work with what we have and build from there." Opponents of a carbon price have argued it would be an economic ...

Clean energy approvals increase

ROSE MARY PETRASS  |  FRIDAY, 27 SEP 2024  |  NEWS
... systems were installed in Q2 - a 3% increase compared to the same time last year. Businesses that fall under the Safeguard Mechanism - that are relying on ACCUs to meet their emissions reduction targets - invested heavily in offsets in anticipation of ...

Canberra to expand ACCU scheme

ROSE MARY PETRASS  |  MONDAY, 2 SEP 2024  |  NEWS
... additionality, permanence, and leakage, supply and demand, land use competition, and the intersection with the Safeguard Mechanism. It found that the Australian Carbon Credit Unit (ACCU) Scheme was performing well with robust governance, compliance and ...

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 ...
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