With one method of gaining carbon credits put on hold and changes made to others, what does the Chubb review mean for farmers and Australia's big polluters?
abc.net.au/news/carbon-credit-scheme-doubts-but-market-stays-steady/101848058As the dust settles on the Chubb review of Australia's carbon credit system, farmers and the big polluters relying on them for offsets are weighing up what it all means.Critics warn about the long-term capacity of soil to store carbonProfessor Ian Chubb said it was "fundamentally well designed" and he did not share the view that the level of abatement had been overstated.
It is a significant change because one in five credits issued in Australia is for projects based on this method. He published a paper with colleagues that described some of these schemes as an "environmental and taxpayer fraud", and he supplied the review with what he described as a "mountain of evidence" about that.
Richard Eckard is professor of sustainable agriculture at the University of Melbourne and director of the Primary Industries Climate Challenges Centre. "Sequestration is not permanent, so that's the issue. We think there's an oversell of the potential."WatchDoubts remain for farm group
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