Highest ever price at a carbon auction and modest take-up underlines the failure of the government’s flagship climate policy.
Clean Energy Regulator
The Clean Energy Regulator defends Australia’s carbon offset regime following claims it lacks integrity. Labor commits to review the scheme.
Most of Australia’s carbon offset units lack environmental integrity, whistleblower claims, labelling them an “environmental and taxpayer fraud”.
The price of Australian carbon credits stabilises, as buyers digest the fall out of recent government changes to the Emissions Reduction Fund.
Taylor claims credit for surging renewables share, while praising the Morrison government’s investments in the gas industry.
Regulator intervenes to ensure carbon traders share ‘windfall’ profits from ERF changes, but the price has plunged and industry is angry about lack of consultation.
Carbon offset projects may snub the Morrison government’s Emissions Reduction Fund, as carbon credit prices surge to record highs in the open market.
The Clean Energy Regulator will launch an 18-month trial of a hydrogen certification scheme. SEC says it should be focused on renewables.
Latest Clean Energy Regulator data sets the scene for “a big reduction of emissions” going into 2022, as solar and wind continue to push coal out of the mix.
Government purchases of carbon offsets remain low, with the secondary market now offering almost double the price for Australian Carbon Credit Units.