Two types of projects that dominate the Emissions Reduction Fund might not be capable of delivering all the carbon abatement they anticipated, based on new satellite imagery.
One company has put forward almost a quarter of the new ERF projects registered since the last auction, while another has registered five new soil carbon projects.
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 Clean Energy Regulator has contracted to buy almost 17 million tonnes of abatement from ERF soil carbon projects but not one of them has yet created a credit, and now the government plans to rewrite the rules.
Plans are afoot to slash the time it takes companies to negotiate carbon credit contracts with Traditional Owners, and to help them meet reconciliation and sustainability commitments.