The Glasgow climate talks have ended with global agreement on important carbon market rules, but governments and businesses are likely to tread warily on one aspect.
The Morrison government will join efforts to develop a global standard for disclosing business impacts and dependencies on nature, Environment Minister Sussan Ley has announced.
Carbon prices need to increase more than seven-fold by 2030 to limit temperature rise to 1.5 degrees, and CO2 might have to be shipped internationally for sequestration, according to energy research house Wood Mackenzie.
The New Zealand government should allow the price of carbon units to go higher and should raise the floor price, according to the country's Climate Change Commission.