“The Chubb Review has provided some positive recommendations for improving the integrity and transparency of carbon credits. But the most important question is: where and how will carbon credits be used?" says Climate Council Head of Advocacy Dr Jennifer Rayner
“Big polluters shouldn’t be able to keep polluting as usual by offsetting much or all of their emissions under the Safeguard Mechanism."
The Chubb Review found the carbon offsets scheme was "fundamentally" well designed when it was first introduced, but called for more data transparency which would improve integrity, recommending that "the default should be that data be made public, including carbon estimation areas" and the government should consider a national platform to share this information.
