Two facilities with Safeguard baselines far above their actual emissions are undergoing state assessment processes that could more tightly cap what they emit, irrespective of Safeguard changes.
The ACCC will ensure that competition law doesn't impede collaborative efforts to decarbonise, its senior executives have told a House of Representatives committee.
GreenCollar, the nation's largest environmental markets investor, and university researchers including Professor Andrew Macintosh, have jointly told the Chubb review they have shared concerns about Australia's carbon credits regime.
Just eight facilities account for half the emissions headroom that currently exists under the Safeguard Mechanism, according to a new analysis by Market Advisory Group.
A draft Safeguard credits Bill would prevent large emitters from earning ACCUs by reducing their scope 1 emissions, and would boost carbon trading transparency.
The Queensland government will legislate to have 80% of its energy supply coming from renewables by 2035, and will fund the transformation partly with coal royalties.
The federal government should consider setting a maximum price for Safeguard Mechanism Credits, according to the upstream oil and gas industry association.
Having limited, initial emissions headroom in the Safeguard isn't a problem, and Safeguard credits won't be cheap, according to carbon markets and policy expert Raphael Wood.
Safeguard emission limits should decline by 5.6% annually, and Australia should consider introducing an EU-style border carbon levy, according to the Carbon Market Institute.
The federal government should set a floor price for Safeguard credits to prevent excessive price volatility, according to the Australian Financial Markets Association.