Australia

Jul 8, 2014

Overseas carbon credit schemes: no brainer or disaster in the making?

Australia could buy cheap international carbon credits and dramatically slash our emissions by 19% for a bargain-basement price. But do the overseas schemes do what they say on the tin?

Paddy Manning

Crikey business editor

Could Australia really cut our greenhouse gas emissions by 19% for only a billion dollars by buying cheap international carbon credits? Or is it too good to be true?

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6 comments

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6 thoughts on “Overseas carbon credit schemes: no brainer or disaster in the making?

  1. Roger Clifton

    Considering that there is no sustainable level of carbon emissions, no one should have a right to emit. So no one should have a credit (to emit) to sell. And adding a “credit” to an emission is still an emission.

  2. Emoticom

    I would be very wary of these bargain basement credits. We need to force our own polluters to stop polluting and develop a sustained move to clean energy, Even with the current 20% target we are seeing a significant move away from coal and gas and a mothballing of dirty power stations.

    There is a cost to this initially but in the longer term with economies of scale and new techniques, wind, solar and geothermal will be cheaper sources of energy. Fourth generation nuclear may be a beneficial and safe part of the mix.

    Those belching behemoths of the last century should be allowed to die the rapid death that evolution and sanity dictates. We just don’t need them.

  3. AR

    Which is precisely why the Greens were right to oppose Krudd’s merchant bankers’ job creation scheme.
    BTU (kilajoule) tax NOW!

  4. zut alors

    Ditto to Roger Clifton #1. An emission is an emission by any other name – underwritten, subsidised or funded by whatever wily economic means.

  5. klewso

    Have I got this right :-
    Someone pays some “underdeveloped” overseas companies/government for their (inert?) right to pollute (when they were probably never going to anyway), so that we can keep polluting – rather than address our problem?

  6. AR

    Klewi – yep, I think so. A ‘make-work’ scheme for idle MBA and merchant bankers except that the churning of nothing..’non extant..invisible..weightless’ certs will earn them fortunes.

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