Draft CFI changes go part of the way to enabling states to create valuable carbon credits by reducing native forest logging on Crown Land – but major roadblocks remain, says ANU forests and carbon expert Andrew MacIntosh.
Proposed changes to the Carbon Farming Initiative would allow states to annually create carbon credits worth millions by extending areas of protected native forest, but abolition of the carbon price would slash their value.
* Direct Action white paper separate from RET review: Hunt * Regulator schedules free webinars on emissions reporting tool, registry * Climate department canvasses views on dairy industry carbon credits
* Ai Group schedules new free energy efficiency seminars * Energy efficiency finance scheme adds two more providers * New regulations makes scheme opt-in easier for large corporate groups * CFI influence on farm practices tied to carbon price
The final deadline will soon arrive for carbon farmers to create Kyoto CFI credits – but that doesn't close the door to companies accessing a continuing stream of credits to meet price scheme liabilities.