Carbon credits serve to greenwash business-as-usual and won’t cut emissions: Australia Institute
18 Oct 2022
A focus on carbon credits may serve to hamper Australia’s efforts to reduce its emissions, warn researchers from The Australia Institute.
In a submission to the Chubb Review, TAI senior researcher Polly Hemming and climate program director Richie Merzian argue carbon credits will distract from implementing policies that actively will reduce emissions. Effective policies include stopping all fossil fuel subsidies and projects, phasing out current fossil fuel extraction, promoting energy efficiency and demand management, investing in renewable energy, and electrifying transport.
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