The Clean Energy Regulator has set up a special unit to fast-track the development of new methods for earning carbon credits, says the agency's chair, David Parker.
The Federal Court has found a lawyer, an accountant and a financial planner guilty of promoting a tax exploitation scheme based on contracts purporting to sell carbon credits.
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.
Of the two types of carbon contract on offer at tomorrow's ERF auction, only one is likely to see a noticeable price increase, according to Market Advisory Group founder Raphael Wood.
The Clean Energy Regulator has almost 100 new ERF projects seeking accreditation, while grid connection problems have led it to qualify expectations that the 2020 RET target will be met.
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.