Australia's carbon credits market has insufficient genuine buyers, risking low-quality credit proliferation and undermining system integrity.

Australia's carbon credits market faces significant challenges, including potential fraud and difficulties in verifying emissions reductions. The "safeguard mechanism" mandates high-emission industries to limit emissions and offset excess through carbon credits, but the market lacks genuine buyers, leading to concerns about credit quality. This setup risks allowing low-quality credits to proliferate, undermining the system's integrity and effectiveness in reducing greenhouse gas emissions.

September 29, 2024
3 Articles