Report finds intervention by energy minister Angus Taylor led to ‘mountain of oversupply’ and many projects will now be paused
As a whistleblower alleges major failures in Australia’s carbon credit scheme, analysts say a plunge in the price of credits, triggered by a contentious change by the emissions reduction minister Angus Taylor, could last for years.
Earlier this month, Taylor announced landholders and other businesses with contracts to sell carbon credits to the government would be permitted to break those deals and instead sell them at a higher price on the private market.
Continue reading...source https://www.theguardian.com/environment/2022/mar/24/australias-carbon-credit-scheme-could-take-years-to-recover-from-price-plunge-analysts-say
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