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.
EU border carbon levies are likely to be in place by 2023, but probably won't harm Australian exporters, according to the Australian Industry Group's Tennant Reed.
The ACT government will this month receive a report on costing the damage caused by greenhouse gas, while the Biden Administration has hiked the price it will use to the equivalent of A$65.87 per tonne.
A global alliance of investors that manage a total of US$52 trillion in funds will shortly release climate change performance reports on 160 large emitters, including companies operating in Australia.
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.