Carbon Market Institute (CMI) CEO John Connor speaks to the potential for “climate repair, land repair and history repair” and says Australia’s carbon industry need to triple in size in the next decade to meet forecast demand.
“The push globally for business to decarbonise will see a massive expansion of carbon markets and international trading,” he said.
“Domestic and international funds, private equity firms and asset managers are all investing in carbon projects, banks are establishing commodity carbon and environmental markets, and futures trading is emerging. The quality of Australia’s assurance system is starting to shine. I can see Australia becoming a net exporter of carbon credits and systems.”