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 federal government's new modelling reveals a different emissions strategy would result in farmers receiving $4.3 billion more a year by 2050, and the fossil fuel sector earning $4.9 billion less.
The federal government has awarded contracts for the delivery of a total of 6.8 million tonnes of abatement through the latest ERF auction, at an average price of $16.94 per tonne.
The Clean Energy Regulator has issued its 100 millionth Australian Carbon Credit Unit, and Energy and Emissions Reduction Minister Angus Taylor says the scheme is going "from strength to strength".
The government could unlock the creation of an extra 2.5 billion carbon credits over the next decade, by introducing a new ERF method, according to the Carbon Market Institute.
Farmers who plant native trees will be allowed to sell their carbon credits to the Clean Energy Regulator without bidding into an ERF auction, under a proposed pilot program.
An overhauled ERF soil method will go a long way towards meeting the federal technology roadmap goal for soil carbon projects, according to AgriProve managing director Matthew Warnken.
As the ERF reaches a key milestone, Clean Energy Regulator chief executive David Parker says industrial companies are becoming much more engaged in the scheme, and important enhancements are on the way.