ETS defeated today
As expected, federal parliament has voted against the Emissions Trading Scheme (ETS) today. Senator Wong said it will be brought back into parliament before the end of the year. If defeated again, this could trigger an election.
The renewable energy industry is hoping that the Renewable Energy Target (RET) legislation is decoupled from the troubled ETS legislation to at least return some certainty to this industry. The RET scheme plans to achieve a goal of 20% of electricity coming from renewable sources by 2020 which would lead to a boom in the wind and solar power sectors.
A Senate committee report on the draft laws shows strong support from all political parties, but they want some changes too.
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...
