The third day of COP2 focused on long-term climate finance. Scaled-up public finance commitments are critical to building trust between developed and developing countries, and enabling developing countries to deliver on the “conditional’ elements of their Nationally Determined Contributions.

On 5 May 2021, the federal government announced its intention to make amendments to the National Greenhouse and Energy Reporting Regulations 2008 (the NGER Regulations) and National Greenhouse and Energy Reporting (Measurement) Determination 2008 (the Measurement Determination). The NGER Regulations outline the requirements for reporting entities under the NGER scheme and the Measurement Determination provides methods for estimating GHG emissions and the production and consumption of energy.

The Commonwealth Government has accepted a number of recommendations from the King Review of Australia’s Emissions Reduction Fund (ERF) that would incentivise abatement opportunities in sectors which have had limited participation in the ERF to date. These could allow carbon projects to earn revenue faster through compressed crediting; allow greater…

The Baker McKenzie Global Climate Change practice expects 2020 to bring both scaled up developments and new challenges in a broad-based response to climate change. Given widespread coverage of the shortcomings of last December’s climate negotiations in Madrid, it may seem counterintuitive to anticipate positive movement on climate action this…