In an Australian first, the ACT Budget has put a price on the economic harm caused by greenhouse gas emissions, with the aim of raising funds for decarbonisation.
The government could unlock the creation of an extra 2.5 billion carbon credits over the next decade, by introducing a new ERF method, according to the Carbon Market Institute.
As the ERF reaches a key milestone, Clean Energy Regulator chief executive David Parker says industrial companies are becoming much more engaged in the scheme, and important enhancements are on the way.
With South Australian government backing, The Nature Conservancy is examining ways to make wetlands restoration financially viable, partly by earning ERF carbon credits, and by establishing a 'blue carbon' insurance fund.