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Climate policy

This Month

The Reserve Bank of Australia is warning banks have less experience than insurers in modelling climate-related risks.

Banks face climate stress as home insurance crisis widens

By 2050, one in four Australian houses may be uninsured, as rising premiums from climate change make it unaffordable, creating problems for lenders.

“People don’t want to change because its easier not to”: Andrew Forrest, founder of mining giant Fortescue.

Twiggy and BHP lock horns over diesel excise rebate

BHP has warned against pushing too quickly to decarbonise the mining industry, given the realities of the international oil shock.

Sheep and solar farms can co-exist.

Macquarie-backed Rela blitzes UK farmers with cash-for-lease deals

Rela pays out farmers an upfront lump sum for leasing their land for clean energy projects. Macquarie and Oaktree like what they see.

Increased renewables output has taken pressure off wholesale energy costs

Power prices ‘to fall 10pc’ – but customer pain to stay

Households in NSW, SA and south-east Queensland should get a cut in bills on July 1, but that could be derailed by the turmoil in global energy markets.

Labor models changes to home battery rebate in cost-cutting push

If implemented, it would be the second tweak in six months as the government casts a wide net in its search for ways to cut spending before the May budget.

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February

Agnes Hong said Aware “was not letting companies off the hook” on emissions, but rather assessing their transition plans.

Aware Super opens door to Origin Energy in net zero reset

The $230 billion super giant is abandoning its restrictions on carbon-intensive companies just as rival funds are being scrutinised for greenwashing.

The federal government is attempting to increase electric vehicle ownership.

EV subsidies drive rare drop in transport emissions

Increasing electric vehicle ownership has helped cut annual transport emissions for the first time since the pandemic.

Australia needs to get to net zero. A reformed Integrated System Plan can help get us there.

Power road map is not flagging net zero dangers ahead

AEMO should use the Integrated System Plan to provide ministers with a better understanding of the material risks to their preferred pathway.

Queensland Premier David Crisafulli says

‘Not now or never’: Crisafulli spruiks Queensland climate slowdown

The Queensland premier says rapid cuts to the state’s carbon emissions would be “economic and environmental stupidity”.

Clean energy projects in far western New South Wales would likely face fewer community objections.

Forrest-backed group pitches audacious outback wind and solar zone

Big renewables developers say building vast new wind and solar projects in far western NSW could be the key to overcoming community resistance.

Looking to the future, border adjustments can help build up new green industries.

The case for the carbon tariff Angus Taylor rejects

It may seem a niche issue but sorting carbon leakage from emissions-intensive facilities is needed to put industrial climate policy on a firm footing.

Cement is a key manufacturing product that is difficult to produce while also lowering greenhouse emissions.

Labor eyes carbon tariffs amid global trade tensions

Labor will consider tariffs on selected imports from countries with weaker emissions reduction policies in a 2026 review of its flagship climate policy.

President Donald Trump

Trump axes US power to regulate climate change

The US president has scrapped a key finding that underpinned the ability of regulators to curb emissions, as he steps up his assault on global warming policy.

Queensland Energy Minister David Janetzki says the previous government’s energy plan was “fundamentally dishonest”.

Queensland delays emissions plans by up to five years

A rollback of climate policies in Queensland could require other states to find as much as 9 per cent of new emissions reductions to meet federal targets.

A coal-fired power plant in Utah. Many operators are deferring plant closures.

Trump to order companies to buy coal-fired power to revive industry

The Trump administration will evoke special wartime powers to force defence companies to buy power from coal plants in contracts with the Pentagon.

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At odds: Angus Taylor and Sussan Ley.

‘Even chance’ Taylor challenges Ley this week

The Coalition reunion may have bought time for Sussan Ley, but she’s still likely to face a leadership challenge from Angus Taylor.

January

Polluter Pays Levy is a broad-based levy on coal, oil, and gas producers to replace complex, inefficient schemes, with revenue redirected to more than compensate households for energy price impacts and other cost-of-living pressures.

Charging polluters is how to cut emissions, fix the budget and win voters

The principle of “polluter pays” ensures those who impose climate costs face them directly. This will cut emissions at the lowest cost while raising revenue.

Former ACCC boss wants a tax on fossil fuels to be put back on the government’s radar, viewing it as a solution to both Australia’s energy and budget challenges.

Labor urged to dump energy policies for $36b pollution tax

Former ACCC chair Rod Sims argues that taxing the fossil fuels would provide a more efficient market incentive than current Labor subsidies.

Big emitters could ‘fall out’ of key climate policy

More than 50 high-emitting facilities could face no climate regulation by 2035 unless changes are made to Labor’s flagship emissions policy.

Fortescue executive chairman Andrew Forrest will rally business and political leaders not to give up on climate action at the World Economic Forum in Davos this week.

‘No retreat’: Forrest to warn Davos on world order breakdown

The Australian mining magnate will tell political and business leaders they need to double down on multilateralism and climate action.