Adam Bandt says allowing global offsets to be traded along with Australian ones would just delay action to cut emissions
The review, which was commissioned in January by the Morrison government, found the carbon market in Australia was “fragmented, inefficient and complicated”. The authority’s chief executive, Brad Archer, said bringing the two systems together “could help accelerate global decarbonisation and enhance the integrity of carbon offsets”.
“These international offsets just delay action and could also undercut our farmers, who could earn income from helping draw down pollution locally.” The Climate Change Authority did not make a recommendation on how many credits should be allowed and said the international carbon market was still evolving in the wake of the 2015 Paris climate agreement and the gradual adoption of rules to govern it. Archer said there would always be a need for offsets but “we need to be reducing emissions wherever we can, as quickly as we can, where that makes sense to do it”.
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