Carbon credit trading rising in Australia, but is it transparent?
3rd July 2008
Carbon credit trading is a burgeoning industry in Australia, but some critics argue it still lacks transparency.
Carbon credit brokers have sprung up across the nation. It is the environmental cottage industry we had to have in the long wait until 2010 when Australia finally gets a national emissions trading scheme.
But who is policing them? There are already 37 Australian-based companies, most for-profit, selling carbon credits sourced from local and overseas projects such as tree planting and renewable energy, according to the Global Sustainability Institute at RMIT University in Melbourne, reports the Sydney Morning Herald.
