Carbon abatement from projects with major environmental and social benefits will be purchased at more than twice the ERF auction price, under contracts being negotiated by the Queensland government.
The Queensland government has invited tenders to supply more than 90,000 carbon credits – an amount much greater than the Federal Government's Clean Energy Regulator agreed to buy at its last auction.
A plant that would gasify coal into ammonia and syngas, producing two million tonnes of by-product CO2 a year, will undergo fast-track environmental assessment.
Emissions from a spike in land clearing rates, especially in Queensland, will needlessly cost the economy well over $1 billion between now and 2030, a new report by CO2 Australia shows.
The Clean Energy Regulator on Friday removed Gladstone Regional Council from the list of carbon-liable entities, thanks to its deployment of landfill gas capture technology that will also earn it CFI carbon credits.