carbon credits

A billion-dollar exercise in looking virtuous, while watching the bush go to ruin

4 July 2025 / 12 Comments

Conservation in Australia is largely a matter of pious intentions.

Germaine Greer

When Anthony Albanese’s Labor government came to power in May 2022, environmental groups quickly pressed their wishlist onto the incoming ministers. Near the top was a global conservation commitment to protect 30 per cent of Australia’s land and oceans by 2030, part of a United Nations-endorsed pledge to halt biodiversity decline.

The great carbon credit con: A shonky system exposed

Carbon offsetting is an honesty system coupled with a financial incentive for dishonesty.

– Ketan Joshi

Carbon credits, once hailed as a cornerstone of Australia’s climate change strategy, have been unmasked as a financial sleight of hand. They are marketed as a tool to curb emissions, yet in practice, they have become a glorified accounting trick, enriching a select few while diverting funds from genuine climate action.