Business has a crucial role to play in ensuring the Prime Minister uses his new-found authority to deliver strong climate action, according to shadow climate change minister Mark Butler.
Critics say a plan for special large-emitter carbon credits is risky, and could mean major companies pay little for their emissions for years, but big emitters argue that's not the case.
Proposed ERF changes to boost the supply of carbon credits risk cannibalising the existing carbon offset industry unless tighter limits are imposed on big emitters, the Carbon Market Institute has warned.
The federal government has delayed Safeguard Mechanism changes for a year, so major industrial facilities can focus on dealing with the impact of the pandemic.
A farmer whose prosecution over land clearing has prompted him to challenge NSW's vegetation law as unconstitutional, has failed to convince the Federal Court to issue a costs order.