Published: July 07, 2021
Cost of Australian-based climate offsets is soaring but 90% of local purchases are for overseas projects
Pledges from major companies to reach net zero greenhouse gas emissions are driving up prices for Australia-based climate offsets to levels not seen since the 2014 repeal of the carbon pricing scheme.
Prices for Australian carbon units have topped $20 a tonne with demand up 20% in the past 12 months, with analysis released today saying prices could rise to $50 by the end of the decade.
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