On 12 December 2022, the Australian Government issued a consultation paper seeking initial views on its intention to implement “…standardised, internationally‑aligned requirements for disclosure of climate‑related financial risks and opportunities in Australia.”

We discuss the global drivers that led to the Government’s announcement and the implications for the construction industry.

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In December 2022, the Green Building Council of Australia (GBCA) released an interim document: Upfront Carbon Emissions calculation guide – interim. Guidance on calculation methods for the Upfront Carbon Emissions and Life Cycle Impacts credits.

The purpose of the guide is to outline the proposed method of measuring upfront carbon emissions for Greenstar registered projects. Whilst its status is interim, the paper indicates to the industry how the GBCA will treat carbon measurement.

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