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Showing 1 - 10 of 64 results for "ACCUs"

Funding green buildings risks greenwashing accusations

ROSE MARY PETRASS  |  THURSDAY, 18 APR 2024  |  NEWS
Climate Energy Finance (CEF) says buildings are the "low-hanging fruit" that make up the lion's share of the big four banks' sustainable finance target (SFT) of $385 billion by 2030 - while just 7% flows to financing clean energy and hard-to-abate sectors. ...

Sandon Capital to buy carbon farms

ROSE MARY PETRASS  |  MONDAY, 15 APR 2024  |  NEWS
... registered with the Clean Energy Regulator, so all carbon projects held by CCI generate Australian Carbon Credit Units (ACCUs). CCI, an unlisted public company, will sell all issued and outstanding ordinary share holdings to Sandon Capital Investments ...

Big super's plan on fossil fuel return

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
While the country's top 30 super funds have lower stakes in Woodside and Santos, they continue to engage with the resource companies while prioritising returns for members. Compared with two years prior, the two energy giants have a larger share ...

Carbon trading roundup: Verra, REDD+, BetaCarbon

ROSE MARY PETRASS  |  MONDAY, 4 MAR 2024  |  NEWS
... supply could triple by 2033, making it the largest developer of offsets globally. According to S&P, the annual issuance of ACCUs is projected to grow from 16 million-17 million ACCUs in 2023 to 30 million ACCUs by 2033. This will be driven by demand ...

ASX tapped to develop Aussie carbon exchange

RACHEL ALEMBAKIS  |  THURSDAY, 11 JAN 2024  |  NEWS
... This will include assessing whether the identified solution can be supported under the existing regulatory framework for ACCUs or if changes are required. The CER and ASX will initially focus on a carbon exchange for ACCUs, with the intention to follow ...

Forestry fund raises $450m for natural capital

ROSE MARY PETRASS  |  MONDAY, 8 JAN 2024  |  NEWS
... renewable energy. The plantations are viable to generate additional future revenue through Australian Credit Carbon Units (ACCUs). David Shelton, managing director, Australia and New Zealand at New Forests commented: "Since New Forests launched its first ...

ACCC issues greenwashing guidance

RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
The Australian Competition and Consumer Commission (ACCC) has released final guidance on greenwashing while flagging that emissions and offsetting claims are in the spotlight next year. The principles comprise the ACCC's final guidance on environmental ...

Carbon credit review falls short on CO2 capture and slavery

ROSE MARY PETRASS  |  MONDAY, 27 NOV 2023  |  NEWS
... Capture with Carbon Storage (DACCS). This is the current thinking from researchers at CCA currently conducting the review. ACCUs are currently credited for carbon capture and storage under the Emissions Reduction Fund (ERF). However, CCUS - and particularly ...

Nature-related risk a potential risk to directors

RACHEL ALEMBAKIS  |  THURSDAY, 16 NOV 2023  |  NEWS
Corporate directors have an obligation to consider nature-related risk in much the same way as other financial risks, according to a new legal opinion. Directors can take steps to identify and manage nature-related risks is the headline conclusion of ...

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
An ANZ shareholder is taking the bank to court over allegations that it has failed to manage the material risks of climate change and biodiversity loss. Catherine Rossiter is a long-term shareholder of the Australia and New Zealand Banking Group. Rossiter ...
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