The Palaszczuk government has started work on a $500 million fund to support land-based carbon offset projects, and has introduced a new bill to tighten controls on clearing.
A new form of environmental credit could play an important role in improving Great Barrier Reef water quality and expanding the reach of carbon credit projects in Queensland.
AGL has contracted to buy carbon credits created from tree plantings in Western Australia that have been certified under a well-known international offsets scheme.