Rewarding big emitters with carbon credits for out-performing their Safeguard limits could play a role in reducing emissions, but the system would have to be carefully structured to ensure its integrity, say industry experts and business groups.
Now that the RET has been met, its large-scale certificates will increasingly help companies achieve their carbon emissions reduction goals, according to the Clean Energy Regulator.
Carbon contracts signed by the Clean Energy Regulator at future auctions can draw on almost $2 billion in new funding, and the date must be announced soon if another is to be conducted this year.
Interest in the federal carbon neutral scheme is growing at an unprecedented rate partly because of its commercial benefits, and the program is about to undergo a major revamp.
A consultancy that has just registered the first ERF project focused on industrial equipment upgrades says the new Climate Solutions Fund shouldn't rely solely on auctions.