Australia now has a world-first tool for assessing the integrity of international carbon credits, according to EY climate change and sustainability partner Emma Herd.
The spot price for generic Australian carbon credits has sunk significantly, but buyers are prepared to pay a premium for credits from nature-based projects.
The bioenergy industry association has told the federal government that its proposed rules on earning carbon credits by producing biomethane from organic waste are too strict.
The Queensland government has named five new carbon projects that will receive additional payments in recognition of their biodiversity or social co-benefits.
The price of Australian Carbon Credit Units is likely to rise to between $60 and $105 over the next 10 years, according to carbon and energy analyst RepuTex.
In a move designed to lure international investment into Australian sustainability initiatives, the Commonwealth Bank is now offering ESG-labelled term deposits denominated in foreign currencies.
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.