International carbon markets: fuelling new opportunities for Australia
The world’s economies, Australia and China included, are falling short on their ambitious decarbonisation plans. An under-supply of abatements, and an over-supply of obligations, is driving greater consideration of how international carbon markets can enhance national climate strategies.
Australia is well placed to take a lead role in the development of carbon markets to grow our own economy and build global influence to assist others as they transform theirs.
As covered in ACBC’s 2022 “Collaborations” Report the climate challenge will affect every area of Australia’s economy from energy to mining, transport, finance, the built environment, and agriculture.
This month, we look at the economics of carbon markets and the innovation and investment opportunities for Australia.
