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Australia’s carbon market paradox
Investor enthusiasm for the market is growing despite serious concerns over the integrity of credits
Australian CCS stagnates amid political hesitation
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Japanese firms explore carbon exports to Australia
Mitsui OSK Lines and JX Nippon Oil eye shipments to South Australia as cross-border emissions trade routes in Asia-Pacific open up
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
Australia softens stance on international offsets
Government to consult on potential law change allowing big emitters to use offsets generated abroad to meet domestic limits
Coal use increases, but investment lags
High levels of demand are not translating into greenfield investments due to climate policies
Stronger price signal could boost Aussie CCS
Australia recently cut some funding for CCS, but reforms to the country’s Safeguard Mechanism may boost the industry
98pc of Mount Pleasant’s emissions are classified as scope three
Australia Coal
6 September 2022
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Australia advances coal mine expansion

State government approves doubling of Mount Pleasant mine as it refuses moratorium on new fossil fuel production

The state government of New South Wales (NSW) in Australia has conditionally approved an expansion of the Mount Pleasant coal mine, putting further pressure on the recently elected federal Labor government to take greater account of CO₂ emissions in its planning approvals. The mine is currently approved to extract 10.5mn t/yr of run-of-mine (ROM) coal until December 2026. Operator Mach has received approval to extract double this volume—21mn t/yr of ROM coal—and to extend the mine life by 22 years, to December 2048, subject to certain conditions, which include offsetting biodiversity impacts and obtaining the necessary water licences. “Subject to the recommended conditions, the department co

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