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.
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.
Environment Minister Greg Hunt has gazetted a new carbon credits method that will allow companies and other organisations to obtain ERF money for energy efficiency upgrades.