A large chunk of the abatement the Government agreed to buy at the first ERF auction won't take Australia any closer to meeting the 5% national emissions reduction target, even if it is delivered by 2020.
ASIC today released new guidance on whether those dealing with multiple offset projects or providing carbon advice to large emitters should have an Australian Financial Services Licence.
Five energy peak groups have told the Federal Government the carbon price 'can be unravelled', although it won't be easy, while the Business Council says companies need at least three months after passage of the bills to adjust.