Category: carbon credit

Australian Regulator Comes Clean With Carbon Credit Data Release

June 2, 2023
agricultureAustraliaaustralian environmentcarbon creditlivestockWorld
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Previously secret data has been released by the Clean Energy Regulator after questions were raised about the integrity of methods used to generate carbon credits. The Carbon Estimation Area (CEA) data was issued on June 2, as recommended by a recent review of Australia’s carbon credit scheme and after a law change allowed the release. “This…

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Major Australian Bank Starts Cutting Cash Services At Branches

April 7, 2023
ATMAustraliaAustralian Banksbank closuresBusiness & Marketscarbon creditcash paymentscashless societyCompanieseconomic policiesInternationalpersonal financewestpacWorld
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One major Australian bank has begun phasing out cash transactions at a number of its branches saying it is keeping up with the changing behaviour of customers. Australia and New Zealand Banking Group (ANZ)—one of Australia’s “Big Four”—revealed it would begin removing cash withdrawals and deposit services on March 30. Customers will only be allowed…

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Farmland at Risk as Safeguard Mechanism Turbo Charges Demand for Carbon Credits

March 30, 2023
AustraliaBusiness & Marketscarbon creditenergyNational farmers federationWorld
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Farmers are calling on the Australian federal government to ensure that the new Safeguard Mechanism does not spark a mass-buy up of agricultural land as carbon-producing companies seek to offset their carbon emissions. National Farmers’ Federation (NFF) Chief Executive Officer Tony Mahar said that the agricultural sector was concerned about a potential land use conflict…

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Australian Labor’s ‘Biggest Carbon Tax’ Will Cripple Businesses, Opposition Argues

January 12, 2023
anthony albaneseAustraliaBusiness & MarketsC02 emissionscarbon creditcarbon taxclimate changeenergyinflationWorld
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The Opposition has warned that the Australian federal government’s new “carbon tax” will come at a heavy cost for businesses suffering from the cost of living crisis. Under the centre-left Labor government’s new safeguard—which the previous centre-right Coalition government introduced—Australia’s biggest polluters will be required to reduce their net emissions by almost 35 percent by…

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