The Clean Energy Regulator has revoked two Emissions Reduction Fund energy efficiency projects, one of them developed by a major health services provider.
The Clean Energy Regulator could face a pincer movement from big emitters and carbon businesses seeking early termination of ERF contracts, according to Norton Rose Fulbright's climate practice leader Elisa de Wit.
In a decision with multi-million dollar ramifications for companies including AGL, the federal government has signalled it won't allow projects that generate electricity from landfill gas to earn carbon credits for more than seven years.
Data released today by the Clean Energy Regulator shows large emitters had to buy far fewer carbon credits to stay below their FY18 Safeguard Mechanism limits.