Property Council of Australia and Green Building Council set out policy recommendations to get Australia’s buildings net-zero ready, and save consumers money.
Climate
CEFC spends $75 million on recycling and cutting emissions from rubbish
Construction waste is a big chunk of the rubbish Australia generates; recycling it creates an equivalent emissions sink.
Woodside’s carbon bill from new gas fields could hit $63bn by 2050, report says
Under the new Safeguard rules, the carbon bill alone may kill at least one major gas project that is still in the planning stages.
Banks committed to net zero fund “Australia’s dirtiest” offshore gas project, report finds
Betting on a sinking ship: Nine banks provide key backing for massive and controversial offshore gas reservoir in Timor Sea – despite most pledging net zero targets.
Investors release “credible” 1.5°C grid plan with rapid exit for coal
Australia’s biggest clean energy investors reveal 1.5°C plan for accelerated coal closures and massive spend in wind, solar, storage and transmission.
Australian super funds sink $25 billion into coal, oil and gas
Australia’s 15 largest super funds have invested a total of more than $25 billion into new and expanding coal, oil and gas projects, new analysis shows.
G7 pushes for an extra terawatt of solar, but falls short on coal phaseout and gas
G7 agree to a big increase in offshore wind and solar capacity, but fall short of coal and gas phaseouts as Japan holds out for fossil fuels.
Drastic climate action is the best course for economic growth, new study finds
New study adds to growing body of evidence that the economic benefits of climate action outweigh the costs.
Greens propose gas tax “with teeth” that could deliver $95bn in revenue
The Greens say a gas tax that “actually works” could raise $94.5 billion in the coming decade, in new push for reform of the Petroleum Resource Rent Tax.
Farewell Liddell: What to expect when Australia’s oldest coal plant closes
Closing Liddell is unlikely to cause the lights to go out. Rather, the demise of ageing and unreliable coal plants offers a once-in-a-generation opportunity.