A subsidy proposed by the King Review could lead to one million hectares of land being approved to earn soil carbon credits within five years, according to Corporate Carbon's Matthew Warnken.
A freeze on land-based ERF projects in Western Australia will end if new state government proposals are accepted, allowing pastoralists to earn money from revegetation.
Corporate Carbon managing director Matthew Warnken says his company's stretch goal is to register 100 new soil projects to earn carbon credits before the end of the year.
An alliance of farmers, plantation foresters and conservationists today briefed federal politicians on new measures to boost investment in landscape restoration.
The Palaszczuk government has started work on a $500 million fund to support land-based carbon offset projects, and has introduced a new bill to tighten controls on clearing.
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.
A Footprint analysis of carbon credit projects, renewables investment and energy productivity initiatives shows NSW has snared the lion's share of ERF revenue, and Queensland is set to dominate large-scale solar.
Bidding will close tomorrow in the sixth Emissions Reduction Fund auction, with high-profile project developers Green Collar and Corporate Carbon potentially well-placed to emerge with multiple contracts.