Carbon Offsets are Discouraging Precise Decarbonisation
Currently Australia has no policies that drive investment into real decarbonisation projects. The Safeguard Mechanism and the Powering the Regions fund offer enormous opportunities for genuine emissions reduction, but are poised to syphon money to the carbon offset industry.
Policies like the Renewable Energy Target drive permanent decarbonisation in industry, while offset purchases simply allow polluters to delay this change. But the Renewable Energy Target hasn’t been renewed and there is no policy to incentivise more investment in clean energy, resulting in the slowdown of new renewable energy generation.
Senior Economist Eliza Littleton explains.
Full research: https://australiainstitute.org.au/report/delay-or-decarbonise/
📧 The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight(ish). theaus.in/newsletter
❤️ If you’d like to become a supporter and help us make more videos like this, visit: https://theaus.in/donateYT
No Comments