As the ERF reaches a key milestone, Clean Energy Regulator chief executive David Parker says industrial companies are becoming much more engaged in the scheme, and important enhancements are on the way.
In a sign of the growing strength of the voluntary carbon market, the volume of two types of carbon units cancelled last financial year was up 45% on the previous year.
A pastoral company that plans to raise $1.5 billion over five years to buy land for the production of beef and soil carbon credits says it expects demand for credits "to go through the roof".
ERF auction results released this morning show the Clean Energy Regulator has agreed to buy 6.8 million carbon credits at an average price of $15.99, with Orica the main beneficiary.