Emissions scheme wastes millions on projects that would have gone ahead anyway - News Summed Up

Emissions scheme wastes millions on projects that would have gone ahead anyway


It follows long-standing criticism that the emissions reduction fund is in some cases not delivering the cuts the government has promised. The committee recommended that no electricity generating landfill gas projects currently receiving carbon credits be given extensions when agreements lapse. The government has 87 existing emissions contracts with landfill gas projects, promised to prevent about 20m tonnes of emissions – about 4% of what Australia emits each year. The emissions reduction fund works as a reverse auction – the lowest credible bids win government contracts. “Two of the three tests are replaced with a statement that ‘a landfill gas operator is a landfill gas operator’.


Source: The Guardian May 27, 2018 18:00 UTC



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