Tag: Carbon Offsets

Fossil Fuel Industry

‘Worthless’: Chevron’s carbon offsets are mostly junk and some may harm, research says | Climate crisis | The Guardian

Collage of Chevron logo and pollution.

A new investigation into Chevron’s climate pledge has found the fossil-fuel company relies on “junk” carbon offsets and “unviable” technologies, which do little to offset its vast greenhouse gas emissions and in some cases may actually be causing communities harm.

Source: ‘Worthless’: Chevron’s carbon offsets are mostly junk and some may harm, research says | Climate crisis | The Guardian

Climate Change

Carbon offsets stampede: Australian polluters are spending big in Indonesia – Michael West

Planting trees in Indonesia[1]

 

Debate over Labor’s Safeguard Mechanism has raged like a fire through a Sumatran peat forest. One of the most controversial aspects of the program is the use of carbon offsets, which some of our biggest companies are now buying in Indonesia. Zacharias Szumer reports.

Source: Carbon offsets stampede: Australian polluters are spending big in Indonesia – Michael West

carbon

Carbon credits and offsets – What’s the scam? – Michael West

Carbon Credits

Carbon offset is replacing the pollution of one company with the non-pollution of another. Carbon credits are the trading mechanism for carbon offsets. Or put another way, a company that directly or indirectly emits a lot of carbon dioxide has two choices. It can continue to do so, and be penalised for not helping to reduce its carbon footprint (e.g. by regulators, government or shareholders), or, it can buy carbon credits to offset its own emission from someone who have earned such credits.

Source: Carbon credits and offsets – What’s the scam? – Michael West

ALP, ALP Government,

Climate Change Authority releases Review of International Offsets – » The Australian Independent Media Network

What this seems to indicate is back to the Rudd/Gillard future and that comprehensive Carbon Trading Scheme that Tony Abbott’s LNP set out to destroy by calling it a tax. The report echoes the fact that our Nation has lost 10 years of possible progress towards becoming a global leader rather than the number one laggard when tackling carbon emissions.

Climate Change Authority Media ReleaseReleased today, the Climate Change Authority’s Review of International Offsets finds the international carbon market is still evolving in response to the Paris Agreement and calls for publication of a National Carbon Market Strategy that makes the most of this opportunity for Australia to accelerate ambition on emissions reduction.The review finds that while carbon is priced and traded in Australia, the market is fragmented, inefficient and complicated.

Climate Change Authority releases Review of International Offsets – » The Australian Independent Media Network