Australia Backs Carbon Credits Criticized as Failing Climate
- Review recommends more transparency and data sharing
- Activists say six-month study missed key flaws in system
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Australia’s carbon credit market will continue without a major overhaul after a government-backed study largely dismissed claims the system fails to deliver promised emissions reduction.
A panel led by the country’s former chief scientist Ian Chubb on Monday proposed changes to boost transparency, governance and data sharing, though concluded the system was “essentially sound” and “fundamentally well-designed” when established in 2011.