Carbon credits from human-induced regeneration projects are trading at a premium, even though their integrity has been called into question, according to carbon and energy analyst RepuTex.
Labor's Climate Change Bill will have four key elements, and a six-month review of the ERF offsets regime is about to get underway, Climate Change Minister Chris Bowen said today.
The Western Australian Parliament has passed a Bill that allows the Forest Products Commission to create Australian Carbon Credit Units by expanding its plantations estate.
Businesses will be under pressure to systematically re-examine their approach to target-setting and their use of offsets, following the release of a new global code for voluntary carbon markets.
The committee established to advise on ERF methods today issued new defences of credits earned by allowing trees to regenerate, and by using landfill gas to generate electricity.
Major not-for-profit carbon offsets business Greenfleet is on the verge of planting its 10 millionth tree and chief executive Wayne Wescott says its unique, non-ACCU model has strong support from its funders.
Australia's largest buyer of offsets is developing a mangrove restoration carbon project in Papua New Guinea, and says it shows the huge potential of a regional offsets scheme.