issued by Australia’s clean energy regulator are flawed, leaving buyers holding “sham” assets that have failed to reduce the nation’s carbon burden, says Andrew Macintosh, the Abbott government’s former chair of a key market oversight integrity committee.
“People are getting ACCUs for not clearing forests that were never going to be cleared; they are getting credits for growing trees that are already there; they are getting credits for growing forests in places that will never sustain permanent forests; and they are getting credits for operating electricity generators at large landfills that would have operated anyway.
These include flawed assumptions related to deforestation, the issuance of credits for “trees that are already there”, and improper changes to rules around the use of landfill gas projects at sites such as Lucas Heights in Sydney, Woodlawn south of Goulburn, Mugga Lane in Canberra, and Victoria’s Hallam, Wyndham and Melbourne regional facilities.
“It is making Australia’s task harder because we get the increase in emissions from the polluters, but there is no offsetting emission reduction.
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