Australia now has a world-first tool for assessing the integrity of international carbon credits, according to EY climate change and sustainability partner Emma Herd.
The federal carbon-neutral certification scheme needs an overhaul, and voluntary purchases of international units by businesses could lead to stronger national emissions pledges, according to the Climate Change Authority.
The bioenergy industry association has told the federal government that its proposed rules on earning carbon credits by producing biomethane from organic waste are too strict.
Beef producer AACo, which manages a $1.2 billion portfolio of cattle stations extending over 6.4 million hectares, has reviewed its climate risk exposures, and will do the same for nature risks.
The price of Australian Carbon Credit Units is likely to rise to between $60 and $105 over the next 10 years, according to carbon and energy analyst RepuTex.
An ASX-listed resources company that last month signed an offsets agreement with Santos is planning legal action after having its forest carbon concessions cancelled by the PNG government.
Western Australia is drafting a Bill to establish a new type of lease for pastoral lands to smooth the way for renewable energy, carbon farming and conservation activities.