The lead author of an investigation into Australia's carbon market says the review was extremely thorough and sets up the scheme well for the future.
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A panel of four experts led by former chief scientist Ian Chubb handed down their report into Australia's carbon market in January, following criticism of the abatement system.
"This was a very time-consuming and very intense project," Professor Chubb on Friday told a webinar run by the Carbon Market Institute to crunch the report's findings and implementation.
The carbon credit scheme aims to remove greenhouse gases from the atmosphere by allowing companies to offset emissions through trading in credits, which can be bought by the government or traded on the domestic market.
The scheme supports carbon farming initiatives like regenerating native forest and turning the gases from landfill into electricity.
The report followed a six-month review and disputed criticism that the level of abatement from the scheme was overstated.
But the report was in turn criticised by some in the sector, who claimed it overlooked the concerns of leading scientists.
"I can assure you that every single piece of input that we got, was carefully considered, and it was contextualised with the rest," Prof Chubb said on Friday.
"The panel strove to strike a balance and we tried to learn from the good ... we know there's good so let's build on it, was our view," he said.
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The Albanese government accepted all of the report's 16 recommendations.
Kath Rowley, head of the Department of Climate Change's emissions reduction division, told the webinar some of the recommendations will take time because of the need for legislative change, including the establishment of a carbon abatement integrity committee.
"We're prioritising changes that strengthen integrity and confidence in the scheme, including looking for quick opportunities to enhance transparency," she said.
The scheme will play an important role in helping Australia reach net-zero emissions by 2050.
A plan is expected in March outlining a time frame for the recommendations.
Among the Chubb report's key findings was that while the scheme was well designed, it needed changing to enhance confidence in its integrity and effectiveness.
John Connor from the Carbon Market Institute said the review has already helped restore confidence in the carbon credit market.
"We have seen a rebound if you like in both volume and price," Mr Connor told AAP.
Australian Associated Press
