Short-Term Carbon Credits Used for Long-Term Pollution

Climate authority questions viability of short-term carbon credits

The Climate Change Authority says increasing use of credits that only reduce emissions for 25 years could hamper long-term efforts to combat climate change.

Short-term carbon credits used for long-term pollution

Australia's carbon credit scheme is working, according to a review, but some of the nation's biggest polluters have become its biggest customers.

Big polluters rely on short-term carbon credits. Time to reconsider, climate authority warns

Australia's carbon credit system is relying on carbon storage projects that only last 25 years — meaning the carbon sequestered by them will be released in the 2040s, while the pollution they "offset" is around forever. The post Big polluters rely on short-term carbon credits. Time to reconsider, climate authority warns appeared first on Crikey.