12. It may allow offsets after all

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Despite the Government’s public assurances that international offsets will not be used to meet Australia’s emissions target, the Green Paper in several places suggests allowing polluters to buy either domestic or international permits as an alternative to cutting their own emissions.

I agree with the Government’s pre-election argument that international offsets should not be allowed because they allow Australia’s domestic emissions to go up instead of down. Not only do international offsets have similar additionality issues to the Emissions Reduction Fund, they also delay systemic economic decarbonization in Australia and unfairly shift the burden of Australia’s target onto other countries, making a mockery of the (already misguided) notion that Australia is doing its fair share. Australia’s targets must be met by action within Australia’s borders.

Next: 13. Its budget cap limits action

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