98pc of Mount Pleasant’s emissions are classified as scope three
Australia advances coal mine expansion
State government approves doubling of Mount Pleasant mine as it refuses moratorium on new fossil fuel production
The state government of New South Wales (NSW) in Australia has conditionally approved an expansion of the Mount Pleasant coal mine, putting further pressure on the recently elected federal Labor government to take greater account of CO₂ emissions in its planning approvals. The mine is currently approved to extract 10.5mn t/yr of run-of-mine (ROM) coal until December 2026. Operator Mach has received approval to extract double this volume—21mn t/yr of ROM coal—and to extend the mine life by 22 years, to December 2048, subject to certain conditions, which include offsetting biodiversity impacts and obtaining the necessary water licences. “Subject to the recommended conditions, the department co
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
