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The Latest Breaking News from Andrew Macintosh

'Back to the future' for carbon credit scheme

Changes to Australia's carbon credit unit scheme will allow farmers to propose new carbon reduction methods, but critics say it could undermine the scheme.

AAP

'New phase' of carbon markets seeks impact not offsets

New ways of generating carbon credits in Australia are being developed but experts warn investors are wary and could take their billions elsewhere.

AAP

Researchers call Australia carbon credit scheme a ‘catastrophe’

Australia's reforestation project for carbon offset credits revealed as a "catastrophe" in damning new research findings.

The Hindu

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New research finds 'over-credited' carbon offset projects are 'failing'

Forest regeneration projects show little impact, study finds.

The Canberra Times

Carbon credit projects fail to offset emissions: study

Australian researchers say there is little evidence of forest renewal on land being used to produce carbon credits for the offset market.

AAP

Legal centre defunding threat 'hurts small end of town'

Experts warn against defunding Australia's primary environmental litigation group after a judge found it confected evidence in a case against an energy giant.

AAP

Damned lies and carbon credit verification: who checks if sequestration is real?

There’s been no independent analysis of whether tens of millions of carbon credits are legit. Insiders say the verification system is broken.

Crikey

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Confirmed: new evidence shows tens of millions of carbon credits worthless

Australia’s carbon credits system has previously been challenged and given a clean bill of health. New data shows it’s rotten to the core.

Crikey

Driver ploughed into stranger 'at speed' as he walked home from night out with friends

The victim was left with two broken legs following the 'mindless' act

Manchester Evening News

Biodiversity offsets are a scheme in crisis — and create more problems than they fix

A biodiversity trading market ensures growth from the destruction of the environment under the guise of ‘sustainable development’.

Crikey

$CSIRO under fire over 'nonsense' report on fracking offsets for Beetaloo Basin greenhouse gas emissions$

CSIRO under fire over 'nonsense' report on fracking offsets for Beetaloo Basin greenhouse gas emissions

An emissions integrity expert is calling for a review of a report on offsetting carbon pollution from fracking the Beetaloo Basin, declaring "something has gone wrong" at Australia's peak scientific agency.

ABC News

Offsetting Beetaloo Basin emissions would require unproven CCS technology, off-limits international credits, CSIRO finds

The researchers were tasked with determining how — and if — the Northern Territory government's promise to offset all greenhouse gas emissions from fracking the Beetaloo Basin could be achieved.

ABC News

Annual climate update to focus on effective carbon removal

Australia's Ambassador for Climate Change to address ANU event.

The Canberra Times

Labor plan for nature repair market rehashes old proposal and risks failure, experts say

Private sector is not seen to be ready to act as main buyer and draft is similarly worded to a Morrison-era bill

The Guardian - AU

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The New Daily

Alan Kohler: Australia’s new emissions trading scheme is a carbon tax. That’s fine

It won’t be the companies that swallow the cost of emissions reduction, it’ll be the customers who pay, writes Alan Kohler.

The Guardian - AU

Three issues will decide if Labor’s climate policy is a success – what the government does next is key

Carbon credits are about to play a central role in Australia’s climate response

The Guardian - AU

Chubb review recommends new integrity body for Australian carbon credits scheme

Review dismissed claims the current system lacks integrity and is not delivering real cuts in emissions

AAP

Carbon market sound but needs improvement

An independent review of Australia's carbon credit scheme has found the scheme is sound but says after 11 years of operation there is room for improvement.

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The Guardian - AU

Forest regeneration that earned multimillion-dollar carbon credits resulted in fewer trees, analysis finds

Exclusive: Claim by academics, including former integrity chair of Australia’s carbon credit scheme, raises further doubts about system

The Independent UK

Magic-mushroom drug can reduce depression symptoms, study suggests

Psychedelic effects lasted between six to eight hours, and during this time a therapist was in the room to provide psychological support.

ABC News

Northern Territory government opens door for oil and gas companies to buy international offsets, policy reveals

Oil and gas companies will be allowed to buy Commonwealth-approved international offsets as a way to keep producing emissions, a Northern Territory government policy has revealed.

The Guardian - AU

Australia’s biggest carbon credits generator joins calls for overhaul of emissions offsets scheme

GreenCollar makes submission to government review with Prof Andrew Macintosh, who has described the scheme as ‘largely a sham’

ABC News

Industry bosses making money from carbon credits say system needs to change

Some of the biggest players profiting from Australia's carbon market speak out for the first time, backing expert analysis saying the system is generating meaningless credits that actually result in Australia's emissions going up.

The Guardian - AU

Greens urge Labor to reject international carbon offsets as ‘accounting tricks’

Adam Bandt says allowing global offsets to be traded along with Australian ones would just delay action to cut emissions

ABC News

Coalition government's pre-election carbon credit shake-up created 'sovereign risk', department warned

Then-energy minister Angus Taylor blindsided the carbon market with a decision that effectively ripped up contracts worth billions of dollars. Previously secret documents reveal the government was repeatedly warned about the chaos that could occur.

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