"Meaningless" Aussie carbon credits increasing emissions
7 Sep 2022
Some 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.
Companies that have collectively generated a majority of Australian Carbon Credit Units (ACCUs) through the so-called Landfill Gas methods have signed letters saying the credits are sometimes being issued for actions the industry would take anyway. Even more companies — which represent nearly 90% of the Landfill Gas carbon credits generated — have called for fewer such credits to be given to the industry.
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