Western Australia is drafting a Bill to establish a new type of lease for pastoral lands to smooth the way for renewable energy, carbon farming and conservation activities.
Carbon credits from human-induced regeneration projects are trading at a premium, even though their integrity has been called into question, according to carbon and energy analyst RepuTex.
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.
The South Australian government is using the paucity of ERF vegetation projects in the state to bolster support for a Bill that would introduce 100-year pastoral leases.
South Australia should try to join California's emissions trading scheme, according to a new briefing commissioned by the state government and prepared by climate economist Ross Garnaut.
The federal government will tip an extra $1.8 billion into climate action over 10 years, with a stronger emphasis on hard-to-abate sectors, hydrogen, transport, energy productivity, soil carbon and CCS.