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BRIEFING: Could the Greens really “wipe out” 40% of ACCU supply from the Australian carbon market?

On Thursday, the Greens finalised their position on the Improved Native Forest Management (INFM) method, agreeing to back the new method with additional protections, while also adopting a more interventionist position on Australia’s carbon market. Notably, the Greens stated that their proposed actions would “wipe out” 40% of ACCU supply over the coming years as a means to raise the Australian carbon price and increase costs for coal and gas companies.

While the risk of method disallowance and tighter crediting restrictions is real, a bigger political agenda is also at play, with the Greens strengthening their hand ahead of the

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