‘Well-Designed’: Review Defends Australia’s Carbon Offset Scheme

[Epoch-Times-Bot]

'Well-Designed': Review Defends Australia's Carbon Offset Scheme

Australia’s carbon credit trading scheme, oft-accused of harbouring businesses attempting to circumvent environmental obligations, has been given the tick of approval by an independent review.
A six-month review led by scientist Ian Chubb, as well as three other leading scientists, said the scheme had been working effectively after 11 years of operation.
Carbon trading puts a price on emissions and allows landowners to trade “credits” that can determine how many emissions are produced.
The system has come under criticism, notably from Andrew Macintosh from the Australian National University, who published a report in March 2022 claiming the system was flawed and did not result in real cuts....

Source: 'Well-Designed': Review Defends Australia's Carbon Offset Scheme

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