Beware fake forests: big emitters warned on offsets rush

UBS ESG team, including head of Australian research Camille Wynter far right.– from Pacific Island nations and the Greens in parliament – for even deeper cuts to Australia’s emissions, and fresh doubts have surfaced over the integrity of the $4.5 billion Emissions Reduction Fund, which pays for emissions reduction schemes that generate Australian Carbon Credit Units or ACCUs.

Ms Wynter warned that big emitters already face huge pressure sourcing ACCUs simply because of the volume of net-zero commitments they have made. “It is going to get more difficult because if you look at all the net-zero by 2050 targets and commitments put out – the maths just doesn’t stack up because all these organisations are saying they’re going to be at a certain level by 2050,” Ms Wynter said.

They should also look for opportunities to generate meaningful ACCUs given the tightness in the market. Australia will need to put forward targets for 2035 in 2025 and next year, there will be a global stocktake of nationally determined contributions. Ms Wynter said, “there will be plenty of opportunities for the international community to apply more pressure on Australia in terms of emissions reductions”.

“If a company has a higher emissions intensity than competitors, they are going to be more exposed under the safeguard mechanism,” Ms Wynter said.While she said there was continuous and increasing pressure from the investor community, this was more likely to translate into investors shunning government bonds than individual companies as long as they have credible transition plans.

Really? You mean those FAKE EMISSIONS OFFSETS

Secure offsets before the doors on the scam is blown open!

The article's headline 'Beware fake forests: big emitters warned on offsets rush' - yet the tweet says the opposite, ausbiz 'should move to secure carbon offsets' 👃🦨 ausbiz are you that underhanded, think twice, we can see you !!

Pfft whatever. Nothing says fixing climate change more than handing out tax payer funds for dodgy projects! FFS

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Labor’s plan to cut carbon pollution faces major integrity testA key plank of Labor’s plan to deliver on its climate change promises faces a major challenge as a review kicks off into the $4.5 billion Emissions Reduction Fund | micksfoley micksfoley When farmers aren't allowed to clear land they should be compensated. More beat up 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 🎲🎲🔮💰💰💰💰💰💰💰💰💰💰💰💰💰💸💸💸💸💸💸🚽
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Labor’s plan to cut carbon pollution faces major integrity testOne 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 | micksfoley micksfoley Can we see an end to offsets please? We need actual emissions reductions, not spreadsheet juggling.
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