Climate authority warns it's time to reconsider short-term credits
Australia's Climate Change Authority has warned that the government's reliance on short-term carbon credits is hindering long-term climate goals. The report suggests that current abatement projects are insufficient for meeting national emission reduction targets.
Why it matters
This highlights a potential policy failure in Australia's climate strategy, impacting the country's ability to meet international environmental commitments.
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Prefer Crikey Chair of the Climate Change Authority Matt Kean (Image: AAP/Steven Markham) The Climate Change Authority (CCA) has issued a warning to the government: Australia’s worst carbon polluters are increasingly relying on carbon credits generated by abatement projects — initiatives that capture, avoid or reduce greenhouse gases — that only last 25 years, making it more difficult for the country to reach its long-term climate goals.
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