A wide-ranging independent review of the ACCU regime will examine ways to improve it on multiple fronts, as well as investigating concerns about integrity.
Greens leader Adam Bandt today called for a $50 floor price for ACCUs, and said his party had far more ambitious plans for the carbon market than either Labor or the Coalition.
Carbon credits issued to vegetation regeneration projects are legitimate, and the real problem lies elsewhere, according to Ndevr founder and ERF project auditor Matt Drum.
A scientist and public policy specialist who co-authored a paper critical of the ERF, on Friday proposed three actions to resolve the dispute over an ERF vegetation method and improve scheme governance.
Updated: A leading figure in the development of Australia's carbon crediting scheme has gone public with allegations that the vast majority of the credits lack integrity.
A plan to give the federal Agriculture Minister sweeping powers to veto key types of ERF projects risks undermining the carbon market and restricting investment in regional Australia, according to the Carbon Market Institute.
The federal government's new modelling reveals a different emissions strategy would result in farmers receiving $4.3 billion more a year by 2050, and the fossil fuel sector earning $4.9 billion less.