is being rorted, as the government rejected “any assertion” of fraud.
Labor – which has arguably even more at stake in ensuring the credibility of the carbon market than the government, given its more ambitious emissions reduction plans – in December promised to review the carbon market framework if it wins office.Shadow spokesman Chris Bowen said on Thursday that offsets were an important part of decarbonisation of the economy.
Labor plans to cut Australia’s greenhouse gas emissions by 43 per cent by the end of this decade, which is more than the Coalition’s long-held target of 26 per cent to 28 per cent. Those reductions are based on 2005 emissions levels. The government on Thursday hit back at Professor Macintosh’s claims, with a spokesman for Energy and Emissions Reductions Minister Angus Taylor calling them false.