Australian ETS to link up with world’s largest ETS
Legislation passed by the Senate last night will enable Australia and Europe to begin linking their emissions trading systems. As a result, Australian emitters that are liable for the carbon price will have broad access to the global carbon market.
Businesses can now purchase permits under the European Union Emissions Trading System to use for compliance under Australia’s system from 2015. This will provide flexibility to businesses with operations in both Australia and Europe, which will reduce compliance costs.
Linking emissions trading schemes is said to broaden cost-effective abatement options and ensure emissions are reduced at least cost. This will benefit Australia’s businesses and economy.
From 2015, Australia will have the same carbon price as that applying in 31 other countries, with a combined population of more than 500 million people - the same carbon price as our second-largest trading partner.
Consistent weaknesses found in corporate net zero claims
Incomplete emissions inventories were the most common issue found, particularly the exclusion of...
Improvements to climate-related financial disclosures considered
The Australian Government is consulting on changes to improve the efficiency of climate-related...
UTS pilot project to mitigate methane emissions
Initially focused on emissions from mines, the project will also help tackle methane emissions...
