Monthly Newsletter of the Carbon Market Institute
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"In Australia, for those of us who want to see strong action on climate change to meet our Paris commitments, you can be forgiven for feeling a little pessimistic, event dispirited."

The unnecessary and (sadly) predictable partisan battle lines over federal climate policy, the relentless misinformation from conservative media outlets, the airplay given to ill-informed climate sceptics and the head winds blowing across the Pacific from the Trump administration don’t tend to send the most positive signals.

However, when exposed to some of the technology, market, policy and strategic business developments happening on the ground, there is a lot to be optimistic and enthusiastic about. At CMI we are lucky that we interact with members and stakeholders domestically and internationally who illustrate that market forces are moving us along the low carbon trajectory.  Through these conversations, we are reminded that carbon pricing is gathering so much momentum, particularly in our region, that is no longer a ‘desirability’ but an ‘inevitability’.

Every day we are encountering developments that provide evidence that the long exciting journey to zero net emissions has begun. Just some of these trends are that:

  • The scale of carbon abatement activity under the ERF is generating significant economic activity in rural Australian electorates;
  • Companies are undertaking scenario planning to determine strategies to manage risks in a 2 degree world;
  • There is increasing corporate, sub-national government and community interest in voluntary carbon offsetting;
  • 20 large renewable energy projects are either already under construction or will start this year, creating almost 3000 direct jobs and generate more than $5 billion of investment;
  • State Governments are convening to collaborate on meeting climate goals, such as the Climate Action Roundtable that was held in Cairns last week and setting clear targets, such as Victoria’s bold Climate Change Act that last week enshrined in law a net-zero emissions goal for 2050;
  • An APRA Board member acknowledged the reality that climate change poses a material financial risk for Australian business and the economy and the Financial Stability Board Taskforce on Climate-related Financial Disclosure recommendations has reinforced industry and investor appetite for climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders; and
  • Internationally, the world’s biggest emitter, China, will put a national price on carbon when its kicks off its ETS this year, shifting to it the centre of gravity of global climate action to our region.

It’s easy to get distracted with negative perceptions of policy inertia, but when you look for positioning, collaboration, innovation, and commercial activity, it’s happening at pace.  

I look forward with excitement and enthusiasm to bringing many of the key stakeholders together for the 4th Australian Emissions Reduction Summit on 2-3 May in Melbourne at the MCG. The early bird ends today - register now to avoid disappointment.

I hope you can join us and be part of the network of people driving climate action in Australasia.


Peter Castellas
CEO, Carbon Market Institute

Register Now
Climate Policy
Energy Policy:
No room for partisan politics, industry groups tell Government
Labor's Climate Position:
Will Labor policies remove the need for an extended RET?
State Leadership:
States call for urgent national climate leadership and action
The Politics of Coal:
Why the transition away from coal needs bipartisan support
Emissions reduction task is shifting to industry
Victoria's Climate Change Act Passes:
Victorian State Parliament votes to legislate for zero emissions by 2050
The Paris Agreement
Carbon Markets
Singapore's Climate Policy Shift:
Singapore announces implementation of a carbon tax from 2019
Member News
The Carbon Market Institute would like to welcome its newest Corporate Members, Plenary Group & NRM Regions Australia (click logos to learn more).

We look forward to working with all of our Corporate and Professional Network Members in the coming months to help Australian business meet the challenges and take advantage of the opportunities in the transition to a zero carbon economy.
Learn more & become a CMI Member today
Australian Government's Carbon Neutral Program
CMI Summit - Carbon Neutral Certification
Earlybird closes today - Register Now!
Buildings & Precincts Public Consultation

Public consultation on the draft National Carbon Offset Standards for Buildings and Precincts closed 10 February 2017.

There was a good response to the Department’s call for comments on the draft Standards. 21 submissions for Buildings, 11 submissions for Precincts, and 4 submissions which addressed both Buildings and Precincts were received. All non-confidential submissions are now available from our website.
Learn More & View Submissions
Interesting Reads

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