A new pilot program will enable farmers who plant native species to generate dual income streams in recognition of the biodiversity and carbon abatement benefits.
Carbon offsets company CO2 Australia has emerged as the biggest winner in round one of Queensland's Land Restoration Fund, receiving $33.63 million out of $91 million awarded.
A global nature and carbon alliance that includes BHP, BP, Chevron and Woodside today suggested the Australian government underpin a new public-private fund investing in regional projects.
Delta Electricity appears to have decided a grant is a safer way to subsidise an upgrade of its coal-fired power plant, even though its right to earn carbon credits might potentially have been more lucrative.