The Victorian Government has introduced legislation that would remove the legislated target of a 20% emissions reduction by 2020, clarify carbon sequestration rights and abolish fees associated with pollution and clean-up notices.
The introduction of a carbon price has given Western Australian farmers another tool to manage salinity, according to the state's Agriculture Minister Terry Redman.
ABARES says carbon offset schemes have a patchy track record in determining what constitutes out-of-the-ordinary practices that cut emissions – and it has proposed a new procedure for the Carbon Farming Initiative.
There is one fundamental reason why companies wanting CFI carbon credits will be paying top dollar over the next couple of years, says Elisa de Wit, head of Norton Rose's Australian climate change practice.
New regulations confirm the Federal Government won't allow unused credits from NSW's soon-to-be-defunct greenhouse trading scheme to be recognised under its Carbon Farming Initiative, but major projects bound by state-based offset obligations can benefit from the scheme.