Ports Australia has created the first industry guidance for net zero emissions globally that it hopes will fuel greater competition and thinking around how the sector can do its bit for the environment.
In a bid to stabilise the grid, they are scrambling to fast-track gas projects. This transition has been rushed and poorly engineered, making the necessary fixes both difficult and extremely costly.
Australia’s, as well as other nations’, net zero transition efforts aim for net zero within a specific time frame, but the question remains: will it make a difference to climate change?
Infrastructure NSW chairman Graham Bradley has warned that poor planning, lack of community consultation and rising costs meant Labor’s renewables energy target was unrealistic.
GrainCorp, which planned to build large-scale oilseed crushing plants in WA, has taken a swipe at the nation’s renewable fuels policy after BP put a $600m investment on hold indefinitely.
The air is going out of the net-zero tyres across the world. To be sure, they are not completely flat, but broadbased government and corporate support for achieving net-zero emissions by 2050 or some other date is fading.
Weeks out from an election being called, Labor stands accused of having sold a false narrative on the cost of the energy transition and its ability to deliver environmental reform.
Jim Chalmers has dismissed concerns from the nation’s largest business body that Labor will have to revisit its renewables target of 82 per cent by 2030 amid crippling energy prices and looming supply shortfalls.
Sussan Group owner Naomi Milgrom has distanced herself from the investment company run by her three children that has poured money into Simon Homes a Court’s Climate 200 movement.
Employers supplying food to the major shopping centre retailers and thousands of cafes, restaurants and pubs are urging Anthony Albanese to drop his 82 per cent renewables target and focus on ramping up coal and gas production.
The audit and consulting sector is set to benefit as structural transformations related to technology and climate wash through Australia’s economy in coming years.
Extremist climate campaigners and far-left politicians reveal their true colours when they push for ‘de-growth’ to cut emissions. Making people worse off and reversing gains against extreme poverty would be a tragic mistake.
Australia will pass up a potentially lucrative industry to rivals storing captured carbon emissions unless the federal government lifts its restrictions on importation, says Santos.
Australia’s big banks will not immediately follow US lenders in quitting the UN-backed Net Zero Banking Alliance but believe climate targets must be more realistic, amid a trans-Tasman push by Coalition MPs and NZ ministers to abandon the pact.
The construction industry super fund may water down its climate targets and shift how it engages with companies on sustainability due to the strengthening anti-ESG movement.