New Northern Territory guidance says the government is wary of approaches to environmental offsetting that focus heavily on paying money instead of taking action, and proposes a novel strategy for determining offset requirements.
The Northern Territory government has fallen six months behind schedule on its draft climate strategy and carbon offsets policy, and insiders say they are still at least a month away.
The Northern Territory government today lifted its moratorium on fracking after accepting all recommendations of an independent inquiry, including its call for the offsetting of greenhouse gas emissions.
In a landmark development, an inquiry reporting to the Northern Territory government has recommended an onshore shale gas industry should only be allowed if it fully offsets greenhouse gas emissions.
Victoria's 2017-18 budget boosts spending on the state's EPA and sets a new inspections target, while the Northern Territory's budget provides for a new Indigenous carbon unit.