Chris Bowen to announce review of carbon credits system after expert labelled it a ‘fraud’

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Climate change minister says inquiry needed as carbon offset scheme is integral to target of 43% emissions reduction by 2030

Chris Bowen

The review into credits follows the former head of the government’s Emissions Reduction Assurance Committee, Prof Andrew Macintosh, going public with his concerns earlier this year. He said the government had a clear mandate to deliver the policy, under which a scheme introduced by the Coalition would be used to gradually reduce emissions from the country’s 215 biggest industrial facilities. Government data released this week showed greenhouse gas emissions from heavy industry had risen 25.5% since 2005, largely due to an increase in liquified natural gas exports.

Bowen said the new legislative regime would also require an annual report to parliament by the minister, modelled on the annual Closing the Gap statement, outlining progress – a procedure that would force the opposition “to share its views as well”. “We’ll consider all viable options to build on the policy announcements we made and are implementing,” Bowen said.

 

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Have been reports about how Taylor was allowing the system to be gamed. If correct then should be an ICAC issue. Taylor has done a lot of damage to Australia.

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