AGL has contracted to buy carbon credits created from tree plantings in Western Australia that have been certified under a well-known international offsets scheme.
Big emitters should realise it is in their own interest to back robust native vegetation protection laws, according to biodiversity expert Professor Hugh Possingham.
The Coalition says its plan to allocate a tenth of the Clean Energy Finance Corporation's budget for projects that protect the Great Barrier Reef would make it easier for Queensland agribusinesses and utilities to benefit from CEFC support.
Environmental markets company GreenCollar today announced a partnership with the Queensland Government to carry out projects that improve carbon stored in vegetation, reduce runoff into the Great Barrier Reef and are eligible for ERF funding.
Emissions from a spike in land clearing rates, especially in Queensland, will needlessly cost the economy well over $1 billion between now and 2030, a new report by CO2 Australia shows.
Offset provider Corporate Carbon has successfully registered with the Clean Energy Regulator the first two projects authorised to earn credits by sequestering carbon in soil.
A total of 26 carbon offset projects succeeded in registering with the Clean Energy Regulator in March, compared to only five in the same period last year.