Carbon credits from human-induced regeneration projects are trading at a premium, even though their integrity has been called into question, according to carbon and energy analyst RepuTex.
The government could unlock the creation of an extra 2.5 billion carbon credits over the next decade, by introducing a new ERF method, according to the Carbon Market Institute.
The federal government will tip an extra $1.8 billion into climate action over 10 years, with a stronger emphasis on hard-to-abate sectors, hydrogen, transport, energy productivity, soil carbon and CCS.
A federal committee is investigating why businesses are largely ignoring five ERF energy efficiency methods, and whether two others designed to prevent clearing are sufficiently robust.
The Clean Energy Regulator has approved one of Australia's largest carbon businesses to earn credits through a new energy project, and has also approved a project by one of the country's largest agribusinesses.
The federal government's ERF advisory committee has launched a review of rules for two types of carbon offset projects that between them have abatement contracts worth about $1 billion.