abc.net.au/news/companies-making-money-from-carbon-credits-speak-out/101400566Some of the biggest players profiting from Australia's carbon market have spoken out for the first time, backing expert analysis saying the system is generating meaningless credits that actually result in Australia's emissions going up.
The letters say this scenario undermines the overall integrity of the carbon credit scheme, and have been sent to Ian Chubb, who is conducting an independent review of the scheme for government, and independent Senator for the ACT David Pocock. Mr Falzon, alongside bosses from a range of competitors including Cleanaway Waste Management and Veolia, have called for a change to the way credits are calculated, saying fewer carbon credits need to be handed out to companies like theirs, or else the integrity of the carbon market will be threatened.
When rubbish decomposes, it releases methane. Waste companies can earn Australian carbon credit units by eliminating this potent gas.
Profiteering from climate change, who would have thought!. And I thought it was all about saving the planet from the immanent climate catastrophe. Despite all the profiteering power prices are still going to go down right?
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Source: FinancialReview - 🏆 2. / 90 Read more »