Secondary offset market emerges in Australia, but needs policy backing to mature

Published 10:32 on June 2, 2016  /  Last updated at 19:22 on June 2, 2016  /  Asia Pacific, Australia  /  No Comments

A secondary market for government-issued carbon offsets is emerging in Australia where prices are driven by Emissions Reduction Fund (ERF) auctions, but it is unlikely to mature unless the country introduces new policies such as tighter baselines under the Safeguard Mechanism, market participants say.

A secondary market for government-issued carbon offsets is emerging in Australia where prices are driven by Emissions Reduction Fund (ERF) auctions, but it is unlikely to mature unless the country introduces new policies such as tighter baselines under the Safeguard Mechanism, market participants say.

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