Australia Tag

08 Jun Australian Regulator Urges Disclosure of Asset Impact in Company Results 

發表於 00:39 2023-06-08 作者 Tracy Liu

The Australian corporate regulator, ASIC, has emphasized the importance of companies providing comprehensive disclosures regarding the effects of COVID-19 and increasing interest rates on their asset valuations in their upcoming financial reports, as reported by Reuters on June 6. ASIC's statement urges directors to ensure that...

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18 May Australia to Boost Capacity for Offshore Carbon Capture and Storage

發表於 11:54 2023-05-18 作者 Jordy Leo

Australia plans to scale up its capability for offshore carbon capture and storage (CCS) and seek public opinions on a new round of greenhouse gas storage areas, as reported by Reuters on May 16. Madeline King, Australian Resources Minister, announced at an industry conference that there...

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10 May Australia to Adopt Net Zero Authority to Ensure Fair Climate Transition

發表於 17:29 2023-05-10 作者 Jordy Leo

The Australian government is establishing the Net Zero Authority, which will guide the country’s economic transformation to net zero emissions, as reported by ESG Today on May 5. The new authority will ensure workers in emissions-intensive sectors access new skills and employment, coordinate programs and policies...

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26 Apr Australia to Issue Inaugural Sovereign Green Bond Next Year

發表於 16:58 2023-04-26 作者 Jordy Leo

Australia is set to issue its first sovereign green bond in mid-2024, as reported by the Australian Financial Review on April 21. Treasurer Jim Chalmers stated that this would allow major investors, such as superannuation funds and banks, to finance public projects that support Australia’s transition...

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20 Apr Australia to Introduce Vehicle Fuel Efficiency Standards to Promote EV Industry

發表於 11:57 2023-04-20 作者 Jordy Leo

Australia is set to introduce fuel efficiency standards as part of its new national electric vehicle (EV) strategy, in a bid to catch up with other developed economies in promoting EV adoption, as reported by Reuters on April 19. According to Energy Minister Chris Bowen, the new standards will stipulate the amount of carbon dioxide a car could produce while running. Details of the new EV strategy...

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11 Apr Hanwha Solutions to Supply 1.2GW of Solar Panels to the US

發表於 18:29 2023-04-11 作者 Jordy Leo

Hanwha Solutions [009830:KS], a South Korean energy service provider and petrochemical firm, has signed a deal with Summit Ridge Energy (SRE), the largest commercial solar company in the US, to supply 1.2 gigawatts (GW) of solar panels, as reported by the Korea Economic Daily on April 7. Under the agreement, Hanwha’s solar subsidiary, Hanwha Q...

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30 Mar Australia Passes Law Requiring Companies to Disclose Gender Pay Gap

發表於 11:38 2023-03-30 作者 Tracy Liu

On Thursday, Australia passed a new law that mandates companies with over 100 employees to disclose their gender pay gap from the beginning of next year, as reported by Reuters on March 29. It is a part of the Labour government's efforts to enhance working conditions for women. The official data reveal that in...

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12 Jan Australia to Require Biggest Polluters to Cut Emissions Year by Year

發表於 11:29 2023-01-12 作者 Jordy Leo

Australia’s Labor government proposed a plan to require the country’s largest polluters to cut their emissions intensity by at least 4.9% a year by 2030, starting from July 1, as reported by Reuters on January 10. Large polluters refer to the 215 oil, gas, mining...

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11 Jan Australia’s Review on Carbon Credit System Finds No Major Problem

發表於 10:53 2023-01-11 作者 Jordy Leo

A six-month review of Australia’s controversial carbon credit system dismissed claims that the system lacks integrity and is unable to achieve real cuts in greenhouse gas (GHG) emissions, as reported by Reuters on January 9. The review panel, led by the country’s former chief scientist...

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27 Oct Australia Joins Global Pledge to Reduce Methane Emissioustralia Joins Global Pledge to Reduce Methane Emission

發表於 14:44 2022-10-27 作者 李Lex

Australia has joined the Global Methane Pledge to reduce methane emissions by 30% by 2030, as reported by Reuters on October 23. The Global Methane Pledge, led by the US and the European Union, has been signed by 122 countries. According to Australia's climate change...

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20 Oct Australia, Singapore Sign Agreements to Promote Cooperations in Green Economy

發表於 12:08 2022-10-20 作者 Jordy Leo

Singapore and Australia signed a groundbreaking agreement to enhance cooperation in the green economy, including climate investment, financing, and technology, as reported by Strait Times on October 18. Under the Singapore-Australia Green Economy Agreement, collaborations between the two countries will start with 17 joint initiatives,...

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19 Oct Shell’s Renewable Energy Arm to Develop Battery Storage Project in Australia

發表於 13:24 2022-10-19 作者 Jordy Leo

Shell Energy Australia, a subsidiary of Shell [SHEL:US], and AMPYR Australia, an affiliate of global renewable energy developer AMPYR, inked an agreement to launch a 500-megawatt (MW) battery energy storage system (BESS) in Australia, as reported by Reuters on October 14. The project will be...

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28 Sep Australia’s Victoria to Invest USD102m in Energy Storage Projects

發表於 18:00 2022-09-28 作者 Jordy Leo

Australia’s Victoria state announced a AUD157m (USD102m) package to ramp up battery energy storage, as reported by Reuters on September 27. Specifically, the state government will use the USD102m investment to build a 125 megawatt (MW) big battery and four projects using new technology to...

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22 Sep Australia’s Fortescue Metals Invests USD6.2bn in Decarbonizing Iron Ore Business

發表於 11:57 2022-09-22 作者 Jordy Leo

Australian iron ore company Fortescue Metals [FMG:AU] announced a plan to invest about USD6.2bn over the next decade to decarbonize its iron ore operations and eliminate the use of fossil fuels from its business by 2030, as reported by Bloomberg on September 20. Fortescue Metals...

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07 Sep Iberdrola Pledges up to USD3bn Investment in Australian Renewables

發表於 12:53 2022-09-07 作者 Jordy Leo

Spanish utility Iberdrola SA [IBE:SM] has pledged to invest EUD2bn to 3bn (USD1.98bn to 2.97bn) in the coming years to expand its renewable energy deployment in Australia, as reported by PV Tech on September 6. At present, in Australia, the utility has two gigawatts (GW)...

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