Having a hard cap on the amount of ACCUs that a company can use under the Safeguard Mechanism would be impractical and would prevent businesses from making the decarbonisation changes they will have to make, Carbon Market Institute chair and energy market expert, Dr Kerry Schott told the National Press Club today.
Scientific advice commissioned by the Chubb Review proposes tighter constraints on new ERF vegetation regeneration projects, as well as landfill gas projects.
A company with a large portfolio of vegetation regeneration offset projects says CSIRO research confirms its activities generally sequester carbon in excess of the quantity of ACCUs that it receives.
The NSW government is concerned about the integrity and promotion of the ERF's soil carbon methods, while agricultural scientists have strongly criticised the soil carbon and herd management methods.
GreenCollar, the nation's largest environmental markets investor, and university researchers including Professor Andrew Macintosh, have jointly told the Chubb review they have shared concerns about Australia's carbon credits regime.
Just eight facilities account for half the emissions headroom that currently exists under the Safeguard Mechanism, according to a new analysis by Market Advisory Group.
There is a risk that ERF vegetation regeneration projects have been allocated too many carbon credits, the Wentworth Group of Concerned Scientists has told the Chubb review.