Australia weighs issuing carbon offsets before reductions take place

Published 08:51 on November 18, 2019  /  Last updated at 22:27 on November 18, 2019  /  Asia Pacific, Australia  /  1 Comment

In a clear break with standard practice, Australia’s environment department has proposed rule changes to its carbon offset programme that would allow for ACCUs to be issued and distributed to owners of some vegetation-based projects before the emission reductions have taken place.

In a clear break with standard practice, Australia’s environment department has proposed rule changes to its carbon offset programme that would allow for ACCUs to be issued and distributed to owners of some vegetation-based projects before the emission reductions have taken place.

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1 Comment

  1. Seems like a surefire way to devalue the credits. The devil will be in the details, but I am not convinced.

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