The Australia Institute welcomes the opportunity to make a submission to the Independent Review of Australia’s Carbon Credits (the Review) and we would be pleased to engage directly with the Review in the coming weeks. We understand that other stakeholders have been sought out for direct consultation already.
Our initial submission consists of this letter and four attached reports, which have all been prominent in recent debate around Australian Carbon Credit Units (ACCUs) and the wider carbon credit system:
- Questionable Integrity: Non-additionality in the Emissions Reduction Fund’s Avoided Deforestation Method (published jointly with the Australian Conservation Foundation)
- Come Clean: How the Emissions Reduction Fund came to include carbon capture and storage
- An Environmental Fig Leaf? Restoring integrity to the Emissions Reduction Fund
- Hot Air Won’t Stop Global Warming: Submission to the Climate Change Authority’s review of
These reports raise serious concerns around the integrity of Australia’s carbon credits, the methods behind their calculation and the bodies that oversee them.