Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
Olympus deal is key first for RSG market
Long-term deal signed by Olympus Energy marks breakthrough for emerging market for responsibly sourced gas
BHP and HBIS to test CCUS at Hebei steel plants
Australian mining company and major Chinese steelmaker agree to develop projects to demonstrate several technologies
Australia debates use of offsets
Reform of scheme to cut industry emissions will see new rules on the use of both domestic and international offsets
Chevron backs Australia CCS research
Bulk of A$38mn commitment aimed at SLB-led project to identify CCS opportunities offshore Western Australia
EU ETS revisions close to becoming law
Final shape of the law endorsed by European Parliament with only EU Council endorsement remaining
BP softens emissions goals in push for ‘orderly’ transition
Oil and gas major revises down scope three targets as it plans slower reductions in oil and gas production to 2030
Nature-based carbon offset momentum defies critics
A recent trend towards offset crediting at a jurisdictional level is raising funds at a much larger scale than traditional project-based programmes
Investors warn against carbon removal
UN-convened alliance of financial institutions demands focus on carbon mitigation rather than removal
Offsets standards body refutes media’s Redd+ claims
Studies underpinning recent reports are flawed, according to technical review published by Verra
Deep emissions cuts drive CCUS to emerging economies – BP
India and China lead CCUS deployment under optimistic emissions reduction scenarios set out by oil major
Australia is a major exporter of natural gas
Australia Net zero Emissions Gas
Tom Young
3 August 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Australia set to pass climate bill

New Labor government wins support from Greens for bill to reach net-zero emissions by 2050

Australia’s newly elected Labor government looks set to pass a bill setting emissions reduction targets for 2030 and 2050 into law after the Greens said they would support the legislation. The bill requires Australia to reduce emissions by 43pc from 2005 levels by 2030 and to reach net-zero emissions by 2050—in line with the nation’s Nationally Determined Contributions (NDCs) to the Paris Agreement. It requires the government to deliver annual statements on progress towards these targets and gives climate watchdog the Climate Change Authority (CCA) powers to advise the government on how to reach the targets and set future emissions reduction goals to be included in Australia’s NDCs. The bill

Also in this section
Letter on carbon: Direct action
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
SLB on mission to halve cost of carbon capture
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage
Carbon markets primed for key role in net-zero push
20 September 2023
Curbing emissions globally by using international carbon market mechanisms reduces the cost of mitigation, Andrea Bonzanni, international policy director at the IETA, tells Carbon Economist
UAE energy sector decarbonisation drive intensifies
19 September 2023
Mideast Gulf state keen to highlight progress made on expanding carbon sequestration capacity and diversifying e-fuels production ahead of COP28

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search