Introduction
Things have been happening in the CFI space! Four methodology
determinations have now been made, the first four projects have
been approved by the Clean Energy Regulator and the application
period for grant funding of new methodologies has commenced. This
legal update provides a snapshot of these and other recent
developments.
For an overview of the CFI, please refer to our previous legal
updates which can be found
here or the Carbon Market Institute publication "
The Carbon Farming Initiative: An Introduction to
Participation", co-authored by Norton Rose Australia and
RAMP Carbon.
Impact of linking to European Union Emissions Trading
Scheme
Last week took the emerging Australian carbon market by surprise
with the announcement of the linking to Europe's emissions
trading scheme (EUETS), the dropping of the price
floor of $15 and the limit on the import of Kyoto units1
(
see our previous legal update).
