Australia’s top carbon emitting companies are making progress towards transitioning to net zero emissions,but failing to back up their decarbonisation plans.
But the company says Lloyd’s of London’s exit will not leave it “beleaguered” and that operations are “running like clockwork”.
Australia’s largest miner has warned its carbon emissions will rise in the short term as it seeks to reach its 2050 net zero emissions ambition.
The boss of green hydrogen powerhouse Fortescue Future Industries says the Labor government’s safeguard mechanism is a good starting point in reducing harmful emissions from heavy industry.
Christine Milne,who helped block the 2009 emissions trading scheme,says it’s up to the government to deliver a climate plan that can pass parliament.
With the government’s safeguard mechanism due to kick in from July,the carbon market is bracing for a surge in demand for greenhouse offsets.
If we don’t lock in the proposed carbon safeguard mechanism by July 1,Australia will have no system for the biggest polluters.
The Greens,who will likely hold the crucial votes to pass the legislation in the Senate,have raised concerns that the changes let coal and gas companies “off the hook”.
Opposition leader Peter Dutton must stop being a wrecker on climate policy and start supporting constructive change.
The global aviation industry is divided on the best way to reduce emissions in the midst of record flying demand after the onset of COVID-19.
Property owners and commercial businesses will be asked to step up to slash the city’s greenhouse gas emissions,with new measurements such as reduced rate charges and an enforced emissions cap.