Plans to achieve net-zero by 2050, or even 2040, will increasingly be viewed by consumers as unacceptably weak, says the chief executive of an international carbon fund largely backed by Australian investors.
The Commonwealth Bank has reported a huge increase in sustainable lending, and is developing new products including a carbon footprint tracker and a carbon trading platform.
The Clean Energy Regulator is taking a cautious approach, as it faces the possibility that a substantial volume of ACCUs might not be delivered to it under old-style ERF contracts.
Carbon offset businesses that signed old-style ERF contracts with the Clean Energy Regulator can still benefit from rising ACCU spot prices, according to carbon market specialists.