Credits Expire Before Pollution | Canberra News
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Credits Expire Before Pollution | Canberra News
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Australia’s biggest polluters are snapping up carbon credits to meet emissions targets — but a new review reveals a troubling twist: some credits expire way sooner than the pollution they’re meant to offset. With heavy polluters now driving 80% of demand, critics warn the system may be greenwashing, especially as more credits come from projects storing carbon for just 25 years — not the century-long commitment needed to truly cancel out long-lasting emissions. The Climate Change Authority says the scheme is fundamentally sound, but urgent reforms are being considered to ensure these credits actually deliver lasting climate benefits.
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