Winning a contract to sell carbon credits to the Clean Energy Regulator won't necessarily prevent an abatement project owner from selling them to private buyers, under proposed ERF auction changes.
A new report from the Clean Energy Regulator says the RET and the ERF have delivered 51 million tonnes of greenhouse gas abatement this year, and anticipates the schemes will soon be closely intertwined.
Carbon contracts signed by the Clean Energy Regulator at future auctions can draw on almost $2 billion in new funding, and the date must be announced soon if another is to be conducted this year.
Chair of the Clean Energy Regulator, David Parker, expects the price paid at auction for ERF abatement will rise, but it won't necessarily happen immediately.
A freeze on land-based ERF projects in Western Australia will end if new state government proposals are accepted, allowing pastoralists to earn money from revegetation.