The fifth Australasian Emissions Reduction Summit 2018 was attended by George Wilson in Melbourne on the 1-2 May. The Summit brought together 550 delegates, MPs, corporate sponsors and project de
velopers active in the carbon market. While there was a particular focus on energy efficiency and alternative energy generation, carbon farming activities were recognised as playing a critical role in contributing to Australia’s efforts to achieve 2030 emissions reduction target of 26-28% on 2005 levels.
After the first five Emissions Reduction Fund (ERF) auctions, most contracts are land sector projects delivering 153 million tonnes (MtCO2e) of abatement (out of 189 MtCO2e) or $1.8 billion.
The Summit he
ard that demand from international voluntary and compliance carbon and environmental markets is expected to grow and so provide new opportunities for Australian land managers and project developers to supply carbon credits.