Climate transparency register to track companiesâ progress on net zero targets
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A new climate transparency register will encourage big business to provide detailed progress to shareholders, supply-chain partners and the public towards their emissions targets, including reaching net zero by 2050.
Federal Energy Minister Angus Taylor has written to the chief executives of all ASX 200-listed companies, telling them while ambition was important âultimately achievement is what mattersâ.
Minister for Energy and Emissions Reduction Angus Taylor wants big companies to say how theyâre going to achieve their net-zero emissions targets.
Government to help corporates track emissions pledges
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Climate transparency register to track companies progress on net zero targets
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Climate transparency register to track companies progress on net zero targets
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4 February 2021
Prices for Australian carbon offset permits have pushed above $17, a new 12-month high, boosted by demand from corporate emitters looking to take advantage of lower prices as the push for stricter long-term emissions targets gains momentum.
In a market update published on Thursday, Reputex said its benchmark price for Australian Carbon Credit Units (ACCUs) had recovered 8.5 per cent since prices fell during the onset of the Covid-19 pandemic, and were trading at around $17.15.
Demand for offsets had increased amongst many corporate emitters, with a growing number of companies setting their own targets to reduce operational emissions to net zero by 2050 and embracing offsets to achieve carbon neutrality earlier, in response to consumer demand.