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.
Companies are becoming increasingly picky about the ACCUs they buy, according to Nadine Mueller, the Commonwealth Bank's executive director of global commodities.
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.
The federal carbon neutral certification scheme will be transformed, and the Agriculture Minister will gain powers to restrict ERF projects, Energy and Emissions Reduction Minister Angus Taylor said today.
Qantas plans to reward customers who take action on sustainability, and the airline's carbon offsets partner predicts other business loyalty schemes are likely to do the same.
Chevron will significantly increase its spending on carbon capture and nature-based credits, and will develop a new business as a CCS service provider.