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Showing 1 - 10 of 43 results for "Safeguard Mechanism"

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 ...

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 ...
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