Plans to achieve net-zero by 2050, or even 2040, will increasingly be viewed by consumers as unacceptably weak, says the chief executive of an international carbon fund largely backed by Australian investors.
An ASX-listed company with plans to develop cement, mining, energy and carbon offsets projects in PNG claims it could generate credits worth billions of dollars.
Organisations can now earn Australian carbon credits through coastal wetland restoration, and through a wider array of waste management and plantation forestry activities.
A company specialising in generating carbon credits from forestry projects intends screening potential voluntary market buyers to ensure they have a robust net-zero strategy.
Documents obtained by the Australian Conservation Foundation show a coal mining company is likely to have to surrender more than 840,000 ACCUs next February.
The Clean Energy Regulator is taking a cautious approach, as it faces the possibility that a substantial volume of ACCUs might not be delivered to it under old-style ERF contracts.
Carbon offset businesses that signed old-style ERF contracts with the Clean Energy Regulator can still benefit from rising ACCU spot prices, according to carbon market specialists.
Traders are becoming more active in the carbon market, and government purchases of carbon credits will plunge just before 2030, according to a new report from the Clean Energy Regulator.