Carbon offsets or carbon credits are mechanisms by which greenhouse gas emissions by individuals and/or companies, or even countries, can be “offset” against activities that reduce emissions. Carbon offsets are measured in metric tons of carbon dioxide-equivalent (CO2e) and may represent six primary categories of greenhouse gases. One carbon offset represents the reduction of one metric ton of… Continue reading Carbon offsets
Category: Climate action
2011 climate action and carbon price rally
A climate action and carbon price rally was held in Treasury Gardens, Melbourne, Australia on Saturday 12 March 2011. About 10,000 people attended the rally to support the need to price carbon pollution as one measure for taking action on climate change. The rally was organised by several environment groups, including Getup and Environment Victoria, to show public… Continue reading 2011 climate action and carbon price rally
Mandatory Renewable Energy Target
A Mandatory Renewable Energy Target (MRET) is a government legislated requirement on electricity retailers to source specific proportions of total electricity sales from renewable energy sources according to a fixed timeframe. The additional cost is distributed across most customers by increases in other tariffs. The cost of this measure is therefore not funded by government budgets, except… Continue reading Mandatory Renewable Energy Target
Australian Carbon Price Agreement
Carbon price agreement: Historic first step towards a clean energy economy The Australian Greens, the Labor government and the Independent MPs today announced an historic agreement on a climate action package that will put a $23 per tonne price on carbon pollution, as was first proposed by the Greens, support householders and invest billions of… Continue reading Australian Carbon Price Agreement