Banks, governments and farmers can turn Australia's land-based carbon offsets into an industry worth billions of dollars that creates thousands of jobs, according to a new industry roadmap.
ERF soil projects are yet to create a single carbon credit, but there is plenty of work afoot and their strategic importance can't be ignored, according to Matthew Warnken of Corporate Carbon.
The timing of the next ERF auction will be influenced by levels of interest in new methods for earning credits, according to Jody Swirepik, acting chief executive of the Clean Energy Regulator.
The ERF should provide primary industry with incentives for avoided soil carbon loss, just as it rewards avoided deforestation, according to leading soil carbon experts.