Energy and Emissions Reduction Minister Angus Taylor has gazetted regulations that allocate $104 million for the development of a regional scheme supplying carbon offsets suitable for use in Australia.
Australia is well-positioned to link to other carbon markets and global climate action won't be stalled by US President-elect Donald Trump, says Peter Castellas of the Carbon Market Institute.
A new report prepared by law firm Baker & McKenzie and funded by BHP Billiton consolidates and explains international rules on valuing carbon stored in tropical forests.
The Government should look to New Zealand and PNG when considering how to use international emissions reductions, says CO2 Group managing director Andrew Grant.