A review of Australia’s controversial carbon credit system has recommended significant changes to how it is managed, but rejected claims that the scheme lacks integrity and is not delivering real cuts in greenhouse gas emissions.
The report released on Monday denied detailed allegations by a team of academics led by Andrew Macintosh, a professor who previously worked with the Emissions Reduction Fund, that failures in the system mean more than 70% of carbon credits approved might fail to offer genuine abatement of greenhouse gas emissions.