Australia’s biggest polluters will be required to reduce their net emissions by almost 35 percent by 2030 under the federal government’s new safeguard mechanism reforms. Minister for Climate Change and Energy Chris Bowen said the reforms will support the country’s biggest emitters to remain competitive in a global economy while they work to reduce emissions….
Australia’s Top Polluters Will Get $600 Million to Reduce Emissions by 5 Percent Every Year
January 10, 2023
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‘Well-Designed’: Review Defends Australia’s Carbon Offset Scheme
January 9, 2023
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AustraliaBusiness & MarketsChris Bowenclimate changeeconomic policiesenergyInternationalnet zeroWorld
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Australia’s carbon credit trading scheme, oft-accused of harbouring businesses attempting to circumvent environmental obligations, has been given the tick of approval by an independent review. A six-month review led by scientist Ian Chubb, as well as three other leading scientists, said the scheme had been working effectively after 11 years of operation. Carbon trading puts…
What to Watch Out for in Australia’s Energy Sector in 2023?
January 3, 2023
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Commentary Most people agree that energy policy in Australia has been a “failure” for the last 20 years. Dig a little deeper and you will find that what experts disagree on is which direction it failed in. Some believe it failed to prioritise climate change enough, and others too much. Some believe that it failed…
2022: The Year ESG Fell to Earth
Commentary The year 2022 brings an end to an era of illusions: a year that saw the end of the post–Cold War era and the return of geopolitics; the first energy crisis of the enforced energy transition to net zero; and the year that brought environmental, social, and governance (ESG) investing down to earth with…
ESG RIP: Review of Terrence Keeley’s ‘Sustainable,’ Part 4
December 27, 2022
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Concern about catastrophic climate change has been the biggest factor driving ESG, yet the likelihood of climate change being catastrophic and the attainment of net zero are not open to debate or challenge by participants in financial markets. In the last of his four part review of Terrence Keeley’s “Sustainable,” Rupert Darwall argues that this…
Eco-Activists Are Trying to Kill Green Tech That Could Eliminate Emissions From Fossil Fuels
December 20, 2022
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Although the United Nations states that carbon capture and storage technology (CCS), equipment that enables fossil fuel producers to sequester emissions to mitigate global warming, is needed to meet emissions reduction targets, multiple climate activist groups oppose its development as they believe CCS entrenches the oil and gas industry. The U.N. Intergovernmental Panel on Climate…
Report Finds Net-Zero and Ban on Coal, Gas Projects Will Cost Southwest Queensland $47 Billion
Australians living in the rural and regional areas of Queensland will be bearing the brunt of the net-zero agenda and green legal activism, which is putting coal and gas projects at risk of cancellation, costing up to an estimated $47 billion, according to a new paper. It comes as Australia’s major power providers are looking…
First New UK Coal Mine in 30 Years Approved to Ire of Environmentalists
The UK government has granted planning permission for the country’s first new coal mine in 30 years, provoking anger from environmental campaigners. The coking coal mine on the edge of Whitehaven in Cumbria, which is expected to extract nearly 2.8 million tonnes per year, is expected to create more than 500 jobs. But climate activists…
Critics Call Oxford 100-Day City Centre Car Limit a ‘Climate Lockdown by Default’
A trial to stop most drivers in Oxford from using busy city routes at peak times has been approved by the county council. On Nov. 29 Oxfordshire County Council Cabinet voted in favour of traffic filters, which are strict rules on how often motorists can drive and where they can go in the town centre….
Over 60 Percent of UK Wants Referendum on Net Zero Carbon Policy: Poll
A poll has found a desire for a referendum on net zero is popular among the public, with one political party calling for carbon policies to be taken to the ballet box amid “growing dissatisfaction” with current and future policies. According to a commissioned YouGov poll, excluding “don’t knows,” 62 percent want a referendum on…
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