The designer of the carbon offset scheme says a large swathe of “fraud” carbon credits have been issued,angering carbon-neutral businesses that rely on the scheme’s integrity.
A new ruling means companies could earn hundreds of millions of dollars by breaking contracts,but it remains to be seen how profits are shared with farmers.
Australia’s big emitters are investing to offset their emissions,but the majority of carbon credits they use come from overseas.
Unlike other countries,Australia under the Coalition has a “safeguard mechanism” to control emissions – and a Labor government would rev it up. But what is it?
Amid government promises to slash carbon emissions,investors are turning up the heat on banks over how they are handling climate risks.
There are threats and opportunities for Australia as the developed world moves,albeit slowly and in some cases very reluctantly,towards meaningful emissions reductions.
Early climate change wins at COP26 have left organisers relieved,even if the cost of realising net zero targets proves astronomical.
Airlines promise to cut greenhouse gas emissions,but how? What will fuel the aircraft of the future?
The strategy involves up to $3 billion in government incentives but will help grow the NSW economy by more than $600 million by 2030,Dominic Perrottet said.
Emissions Reduction Minister Angus Taylor has warned the the Business Council’s plan for bigger emissions reductions are effectively a carbon tax.
Scott Morrison has set his face against using a carbon price to save the planet. But economic reality – or pressure from other,more sensible countries,or even voters – may yet change his tune.