Australia’s new Labor government has appointed a climate scientist to conduct a six-month review of the country’s carbon credit scheme, following concerns that certain projects receiving credits are not actually reducing carbon emissions.
In June, the new government has upped its 2030 reduction target to 43%, aiming to bring the country closer in line with other developed economies’ pledge.
The integrity of Australian Carbon Credit Units (ACCUs) provided by the government’s Emissions Reduction Fund will be critical in helping the country meet this new commitment, said Chris Bowen, Climate Change and Energy Minister. However, the scheme has been under pressure in recent times. In hopes of restoring public confidence, the government has thus arranged the review of the scheme.
