Energy and Emissions Reduction Minister Angus Taylor has appointed a carbon capture and storage expert to the body that advises him on new ERF methods for earning carbon credits.
Critics say a plan for special large-emitter carbon credits is risky, and could mean major companies pay little for their emissions for years, but big emitters argue that's not the case.
Proposed ERF changes to boost the supply of carbon credits risk cannibalising the existing carbon offset industry unless tighter limits are imposed on big emitters, the Carbon Market Institute has warned.
The government should combine post-COVID economic repair with land restoration and climate change action, according to Carbon Market Institute chief executive John Connor.
A new report on Australia's carbon market highlights many strengths, including a growing volume of greenhouse gas abatement, but also shows up some weaknesses.