A long-running Woolworths energy efficiency project has received another tranche of Australian carbon credits, and it no longer needs to sell them for $10.23 each.
Businesses will be under pressure to systematically re-examine their approach to target-setting and their use of offsets, following the release of a new global code for voluntary carbon markets.
Japanese trading house Mitsui has taken a minority stake in carbon offsets company Climate Friendly, 12 months after it aquired another Australian carbon business.
Updated with comments from Minister Taylor's office: A trial of a Safeguard Mechanism crediting regime was tentatively scheduled to start mid-year, but it's unclear whether it will proceed.
The Clean Energy Regulator expects a rapid change in the carbon credit market towards long-term contracts, as big commercial buyers look to secure a reliable supply of credits.