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.
Traders are becoming more active in the carbon market, and government purchases of carbon credits will plunge just before 2030, according to a new report from the Clean Energy Regulator.
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.
A new NSW bill enables the state government to monetise biodiversity and carbon sequestration actions in national parks that go beyond business-as-usual.
The Glasgow climate talks have ended with global agreement on important carbon market rules, but governments and businesses are likely to tread warily on one aspect.
The federal government's new modelling reveals a different emissions strategy would result in farmers receiving $4.3 billion more a year by 2050, and the fossil fuel sector earning $4.9 billion less.
Energy and Emissions Reduction Minister Angus Taylor has clarified the government's timeframes for achieving production of hydrogen and green metals at cost-competitive prices.