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Carbon pricing

This Month

Queensland is not meeting its overall targets to divert waste from landfill, a March 2023 report shows, despite $250 million being generated by the waste levy.

Rubbish tips get do-nothing climate subsidies worth millions: experts

Landfill operators are being given lucrative carbon credits for trapping methane they would not have released anyway, some academics say.

  • Aaron Patrick
EY has spied an opportunity in the climate offset market.

EY paid by government to push agendas of its clients

EY’s self-styled role as Australia’s de facto climate change policy and regulation expert goes beyond the federal government.

  • Hannah Wootton
ANU academic Andrew Macintosh.

Carbon critic professor alleges campaign to undermine him

ANU’s Andrew Macintosh says he won’t stop attacking Australian Carbon Credit Units despite being subjected to an “orchestrated campaign to discredit us”.

  • Aaron Patrick

Forrest family leads Rich List plunge on packaging disrupter

Andrew and Nicola Forrest have led a star-studded fundraising for the start-up that hopes to replace polystyrene with a more sustainable insulation material.

  • Peter Ker

November

A glut of solar power in the middle of the day has resulted in negative prices.

Bowen’s energy plan might cost taxpayers ‘tens of billions’

Labor’s freshly minted Capacity Investment Scheme is being hotly debated by energy experts, with most agreeing the Commonwealth faces a “significant” exposure.

  • Jacob Greber and Mark Ludlow
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Chris Bowen has pulled the covers off biggest policy evolution in this space since Malcolm Turnbull made Snowy 2.0 his cornerstone climate gambit in 2017.

Bowen’s big bang energy push puts heat back on Coalition

The opposition says Labor is “writing a blank cheque” to renewables investors. But it’s yet to detail how much its own nuclear energy alternative would cost taxpayers.

  • Jacob Greber
Growing fears of a potential cost-of-living backlash are delaying Labor’s electric vehicle policy.

Labor EV policy faces delays as cost-of-living politics bite

Mounting fears of a backlash against the policy, which would drive up the price of many medium-sized cars, SUVs and utes, are weighing on deliberations.

  • Jacob Greber
Liquified natural gas and hydrogen production in Darwin will be supported with a $300 million investment.

Industry push to make Australia north Asia’s ‘carbon sink’

Gas industry is working to establish regional rules to capture, ship and store CO₂ from gas burning,

  • Jacob Greber

October

Homeowners like Danny Cash in Melbourne report huge savings in energy bills since installing rooftop solar.

The states where solar could reduce power bills to zero

Households that install rooftop solar and batteries are saving as much as $2252 a year and in some states becoming energy independent.

  • Jacob Greber
University of NSW senior lecturer Megan Evans says an offset market won’t help restore nature.

Biodiversity credits aim to help repair nature

The government is seeking to establish a nature repair market, with biodiversity credits creating a new asset class for investors.

  • Christopher Niesche
Senegal Mangroves.

How to sell fake carbon credits: ‘I probably will go to jail’

A scheme to protect trees in Zimbabwe generated big profits but didn’t help global warming,

Australia could make steel makers pay more and use less when it comes to coal.

How an Australian coal tax can help save the world

This country’s grip on world coking coal supplies means we are well-placed to force up prices and discourage coal use.

  • Adrian Blundell-Wignall

September

Viridios Capital founding partner Eddie Listorti.

Listorti deal alert! Carbon investor Viridios buys stake in Pangolin

The investment comes after Viridios wrapped up a $55 million funding round in October led by Roc Partners.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
James Schultz, co-founder at GreenCollar, says he made sure staff had a big stake when KKR invested in 2020.

How 120 workers made millions in KKR’s Australian carbon play

Big Canadian pension’s acquisition of Australian carbon projects group GreenCollar will see the company’s workers split tens of millions in profits.

  • Anthony Macdonald
Macquarie’s head of commodities markets and finance Nick O’Kane.

Macquarie’s $58m man backs thorny net zero play

Nick O’Kane says investment in carbon capture and storage systems is critical in the global race to hit emissions targets, and wants the market to stay “open-minded”.

  • Lucas Baird
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Boral CEO Vik Bansal and former Energy Security Board chairwoman Kerry Schott speaking at the Australasian Emissions Reduction Summit.   Photo: Oscar Colman

Boral boss says cement imports increase carbon emissions

Vik Bansal says a carbon border adjustment mechanism – or tax – would be crucial to the cement industry’s viability.

  • Ben Potter
An aluminum smelter in Russia. Combined stockpiles tracked by the LME and Shanghai Futures Exchange are near the lowest since 2008.

This European tax could spread to Australia

Climate change expert Frank Jotzo said the European Union’s decision to introduce carbon tariffs could see other countries follow suit.

  • Mark Ludlow
David Brand, founder of New Forests.

Meet the Aussies aiming to turn forests into a magic money tree

Forestry is a $156 billion asset class, and net-zero is turning it into a growth story. But the industry fears it will miss out unless it helps write the climate rule book.

  • Hans van Leeuwen
cut down forest

Traders in carbon credits saddled with vast stranded-asset pile

A number of major carbon traders are finding that offsets they bought may now be valueless.

  • Natasha White

August

British Airways is among the companies  with worthless carbon credits, according to the watchdog.

UK watchdog cracks down on junk carbon offsets

The journal “Science” found most of a potential 89 million carbon offsets issued by forest protection projects did not represent real emissions reductions.

  • Natasha White