One of Labor’s key plans to deliver its climate change promises faces a major challenge as a review kicks off into the $4.5 billion Emissions Reduction Fund, with experts warning the scheme set up under the former government has been selling credits for worthless carbon reduction projects.
Labor does not need the support of the parliament to create new laws for climate action, it can implement its pollution reduction schemes without a vote.But the designer of the fund’s carbon credit rules, ANU Professor Andrew Macintosh, on Friday published new analysis that he said reveals “grave concerns about the integrity of the scheme”.
Macintosh served as the inaugural chairman of the ERF assurance committee for six years. His analysis found landholders have been awarded credits for protecting trees that, based on historical rates of land clearing, were very unlikely to have been cut down.
micksfoley There is no climate change theres just more cost 4.5 billion to be extracted from you wake up people why do you think China's built over 45 coal fired power stations recently. look at the history of the earth CO2 is at its lowest ever level if it goes below 155 ppm plants die.
micksfoley 🎲🎲🔮💰💰💰💰💰💰💰💰💰💰💰💰💰💸💸💸💸💸💸🚽
micksfoley p_hannam 43% reduction on 2005 levels means 354 Mt by 2030, a reduction of 144 Mt or 14.4 Mt pa. If that had to come from stationary energy (mostly fossil fuels) AdamBandt it requires a reduction of 144/263=55% in just 9 years. Up to now GHG reductions were mainly from LUCUF
micksfoley When farmers aren't allowed to clear land they should be compensated. More beat up