Australia: 2024 shapes as a record-breaking year f
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Posted On: 11/30/2024 10:05:28 AM
Australia: 2024 shapes as a record-breaking year for renewable energy deployment
https://cer.gov.au/news-and-media/media/2024/...deployment
The Clean Energy Regulator’s (CER) latest Quarterly Carbon Market Report (QCMR) shows that carbon markets are at an important juncture with key developments including:
Record levels of new renewable energy capacity are being added as the transition to 82% renewable energy gathers pace.
Carbon markets are beginning to adjust to the first compliance period for the reformed Safeguard Mechanism, with increased demand for Australian Carbon Credit Units (ACCUs) in response to declining emissions baselines.
Safeguard facilities and the electricity sector each currently represent about 30% (60% in total) of Australia’s greenhouse gas emissions.
icymi
https://cer.gov.au/news-and-media/media/2024/...deployment
The Clean Energy Regulator’s (CER) latest Quarterly Carbon Market Report (QCMR) shows that carbon markets are at an important juncture with key developments including:
Record levels of new renewable energy capacity are being added as the transition to 82% renewable energy gathers pace.
Carbon markets are beginning to adjust to the first compliance period for the reformed Safeguard Mechanism, with increased demand for Australian Carbon Credit Units (ACCUs) in response to declining emissions baselines.
Safeguard facilities and the electricity sector each currently represent about 30% (60% in total) of Australia’s greenhouse gas emissions.
icymi
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