Carbon abatement from projects with major environmental and social benefits will be purchased at more than twice the ERF auction price, under contracts being negotiated by the Queensland government.
Just days after Victoria flagged another renewables auction, Queensland's Palaszczuk government has pledged to establish a new $500 million clean energy fund.
The Queensland government has offered a total of $93 million in grants to proponents of 21 nature-based greenhouse gas abatement projects, including five proposed by carbon offsets company GreenCollar.
The Queensland government will provide $145 million to support the coordinated development of wind, solar and hydrogen projects in the state, Premier Annastacia Palaszczuk announced today.
State government actions over the last six months, particularly in NSW, have significantly strengthened investor confidence, according to a new survey by the Clean Energy Council.