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Australia Greenhouse Gas Emissions Climate Change

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Australia Introduces Climate Disclosure Laws

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Companies in Australia will soon have to abide by a set of significant climate disclosures aligned with the International Sustainability Standards Board guidelines. These disclosures, which will impose significant compliance...more

K&L Gates LLP

ESG—Australia - Carbon Offsets: Australian Regulatory Framework

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Taylor Swift’s “Eras Tour” was one of the highest grossing music tours of all time with approximate proceeds exceeding US$1 billion. While this is a monumental feat, Taylor Swift also gained negative attention during the tour...more

Jones Day

Australia's Climate Disclosure Regime Moves Closer to Implementation Beginning 1 January 2025

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On 27 March 2024, Australia's climate disclosure regime moved a significant step closer to implementation, with the federal government's introduction of proposed legislation into Parliament. Any organisations with a presence...more

Jones Day

Climate Litigation in Australia Remains Active

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Australia continues to be a highly active jurisdiction for climate-related lawsuits. Since our last update in August 2023, we have seen a steady stream of suits commenced against corporations and government bodies in relation...more

Jones Day

Australian Government Releases Draft Climate Disclosure Laws

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The Situation: The Australian government has released its widely anticipated exposure draft legislation for the introduction of Australia's national mandatory climate-related financial disclosures regime....more

White & Case LLP

Mandatory climate-related financial disclosures proposed for Australia

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Following two rounds of consultation, the Australian Government has released an exposure draft of the Treasury Laws Amendment Bill 2024: Climate related financial disclosure (Draft Bill) which would introduce mandatory,...more

Cadwalader, Wickersham & Taft LLP

Australian Government Seeks Input on Implementation of Carbon Credit Scheme

In August 2023, the Australian Department of Climate Change, Energy, the Environment and Water (DCCEEW) solicited feedback on proposed amendments to the Australian Carbon Credit Unit (ACCU) Scheme. This is the third step in...more

Jones Day

Climate Litigation in Australia: Current State of Play

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Australia continues to be a highly active jurisdiction for climate-related lawsuits. The last few years have seen multiple suits commenced against corporations and governments in relation to climate issues, with more filings...more

Cadwalader, Wickersham & Taft LLP

Australian Financial Regulator Mandated to Adopt Climate Reporting Standards

In June 2023, the Australian government published an updated Statement of Expectations for the Australian Prudential Regulation Authority (APRA), requiring it to, among other things, “promote prudent practices and...more

White & Case LLP

A baseline-and-credit greenhouse gas emissions system for Australia: Reforms to the Safeguard Mechanism

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On 30 March 2023, the Australian Federal Parliament passed the Safeguard Mechanism (Crediting) Amendment Act 2023 (Cth) (Safeguard Act). The Safeguard Act, together with the Federal government's proposed reforms to the design...more

Cadwalader, Wickersham & Taft LLP

Australian Carbon Market and Safeguard Mechanism Reform

A recently published independent review of Australia’s carbon credit units (ACCU) scheme, commissioned by the Australian government, has found that the ACCU scheme is “essentially sound,” but provides 16 recommendations to...more

Cadwalader, Wickersham & Taft LLP

Investors Question Mining Giant Over Thermal Coal Plans

A group of institutional investors led by the Australian Centre for Corporate Responsibility (ACCR) and the NGO ShareAction has filed a shareholder resolution seeking details of the “specific plan” for Glencore PLC, a...more

Jones Day

New Legislation Shaping Australia's Emissions Reduction Policy

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In Short - The Situation: Significant climate law reforms came into force in Australia on 15 September 2022, with the commencement of the Climate Change Act 2022 (Cth) ("Climate Change Act") and the Climate Change...more

Jones Day

Climate-Related Risk Heating Up Down Under

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Just days out from the 26th United Nations Climate Change Conference of the Parties ("COP26"), the Australian government has pledged to reduce greenhouse gas ("GHG") emissions to net zero by 2050. While Australia has been...more

Jones Day

Australian Conservation Group Challenges EPA's Decision to Renew Coal-Fired Power Stations' Licences

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Proceedings filed by public interest group Environment Victoria represent the first climate change litigation in Australia to challenge the licence to operate of coal-fired energy producers. A public interest group has filed...more

Jones Day

Class Action Suit Filed in Australia Opposes Coal Expansion Project on Behalf of Global Youth

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On September 8, 2020, the law firm Equity Generation Lawyers filed a class action on behalf of young people globally, seeking an injunction to restrain the Australian Government's Minister for the Environment, Sussan Ley,...more

Jones Day

A Step Closer to a Certification Regime for Clean Hydrogen - Part of the Jones Day Carbon Disruption series.

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The Situation: On 22 June 2020, the Australian Department of Industry, Science, Energy and Resources closed consultation on its proposed international certification scheme to classify hydrogen produced in Australia according...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - August 2019 #2

A Turning Point for U.S. Power Generation - "For the first time in U.S. history, renewable energies briefly generated more electricity than coal in April this year, according to the Institute for Energy Economics and...more

White & Case LLP

UK Planning Policy on Shale Gas Found "Unlawful" by the High Court

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Climate change is an increasingly important concern for lawmakers and decision makers around the world. For companies and institutions looking to promote hydrocarbon projects in the future, climate change considerations may...more

White & Case LLP

"Wrong place...wrong time" - Key implications of the Gloucester coal mine decision

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What happened? The Chief Judge of the NSW Land and Environment Court in Australia has upheld the decision of the NSW Minister for Planning's delegate to refuse planning approval for the proposed Rocky Hill Coal Project...more

K&L Gates LLP

Land and Environment Court of NSW – "Wrong Time" for Coal Mine Greenhouse Gas Emissions

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Overview - Chief Justice Preston (Preston CJ) of the Land and Environment Court of NSW recently handed down his decision in Gloucester Resources Limited v Minister for Planning [2019] NSWLEC 7 confirming the decision by...more

K&L Gates LLP

Emissions Reduction Fund Passed by Australian Parliament

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On 24 November 2014 the Australian Parliament passed the Carbon Farming Initiative Amendment Bill 2014 (Bill) which puts in place the Emissions Reduction Fund (ERF). The ERF is the cornerstone of the Australian Government's...more

K&L Gates LLP

Australian Government Releases Further Details of its Direct Action Plan to Reduce Australian Greenhouse Gas Emissions

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The Australian Federal Government (Government) released a Green Paper on Friday 20 December as part of its Direct Action Plan on climate change policy. The Green Paper outlines the Government's preferred design for an...more

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