Why high carbon offset prices spell trouble for Morrison’s flagship emissions policy | RenewEconomy

According to the terms of the carbon abatement contracts, the maximum extent of the damages payable is fixed at the agreed offset price under the contract.

“The Clean Energy Regulator holds contract holders to their obligations under ERF contracts. Contract holders continue to fulfil their fixed delivery obligations with the portfolio of fixed delivery contracts currently tracking above 105 per cent of the delivery schedule – this means that across the portfolio, contract holders are delivering ahead of schedule,” the spokesperson said.

To enable us to continue to hold governments and big business to account on climate and the renewable energy transition, and to help us highlight the extraordinary developments in technology and projects that are taking place, you can make a voluntary donation here to help ensure we can continue to offer the service free of charge and to as wide an audience as possible.

…Read the full story