<
https://www.theguardian.com/australia-news/2026/jun/26/great-koala-national-park-nsw-carbon-credit-deal>
"A long-promised New South Wales great koala national park is set to go ahead
after the Albanese government greenlit the state to receive hundreds of
millions of dollars for protecting native forests previously earmarked for
logging.
The assistant climate change minister, Josh Wilson, said the government had
approved a regulatory change that allowed state governments to earn carbon
credits by storing carbon dioxide in native forests on public land.
Each carbon credit is said to represent one kilogram of emissions that has been
prevented or sucked from the atmosphere – most often in trees or the landscape
– rather than released to contribute to global heating.
Their use is contentious, partly because polluting companies are allowed to buy
an unlimited number of credits – also known as offsets – to count as their own
cuts while continuing to pollute. Scientists have warned limiting the climate
crisis requires rapid direct cuts in emissions and that carbon offsets should
be used sparingly."
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
