<
https://theconversation.com/the-unsafe-safeguard-mechanism-how-carbon-credits-could-blow-up-australias-main-climate-policy-213874>
"A time bomb is ticking inside the Albanese government’s climate policy. When
it explodes, Australia will fall short of its climate targets and leave a
gaggle of investors shirtless.
The problem arises from a poorly understood aspect of the net zero transition:
carbon credits or offsets.
The centrepiece of Australia’s climate policy is a carbon pricing scheme known
as the Safeguard Mechanism. It places caps on the emissions of around 220 of
the country’s largest mining, gas and industrial facilities, based on the
emissions intensity of their operations. Every year through to 2030 these caps
will decline by between 1% and nearly 5%.
The facilities have two ways to keep their emissions within the caps. They can
reduce them, or they can buy and surrender one of two forms of credits, the
most significant being Australian carbon credit units (ACCUs) issued under
Australia’s carbon offset scheme."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
