The Queensland budget reveals how waste levy revenue will be spent, and also outlines plans for launching its green bond-backed $500 million Land Restoration Fund.
Savanna-burning projects will be more lucrative following a change to Emissions Reduction Fund rules, and are also set to be among the beneficiaries of a new premium-price ethical carbon fund.
The federal government should establish an accreditation standard for carbon credits created by projects that provide other environmental and social benefits, says a Climate Change Authority study released today.
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.
The expert committee that advises the government on the integrity of the ERF plans to fast-track a review of methods that underpin carbon abatement contracts worth about $943 million.
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.