Reading Time: 34 mins 5th July 2023
Author: Robert Watson

With the widespread use of carbon credits, expensive and unproven technologies, as well as new coal mine approvals, Australia is making the difficult job of reaching net zero by 2050 almost impossible.

Since May 2022 there have been three significant matters that will largely determine Australia’s direction on climate policy in the next few years. The first was the defeat of the Coalition government by the Anthony Albanese led Labor Party. The second matter was the reform to the Safeguard Mechanism by the new Labor government early in 2023, and the third and related matter was the Chubb Review into the Australian Carbon Credit Unit (ACCUs) scheme.

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