After imposing its first carbon offset condition late last month, the NSW Independent Planning Commission is saying little about how it might exercise its carbon offset conditioning powers in future.
Carbon abatement from projects with major environmental and social benefits will be purchased at more than twice the ERF auction price, under contracts being negotiated by the Queensland government.
US global investment firm KKR has taken a minority stake in Australia's largest carbon offsets company, and former Business Council president Grant King has joined its board.
New Northern Territory guidance says the government is wary of approaches to environmental offsetting that focus heavily on paying money instead of taking action, and proposes a novel strategy for determining offset requirements.
This summer's bushfires could add up to 70 million tonnes to Australia's emissions over the years to 2030, even taking into account CO2 drawdown from regrowth, according to a new WWF analysis.
The Northern Territory will take into account any federal carbon or biodiversity offset requirements that apply to a project before deciding whether to superimpose its own, says a new NT draft policy.