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Australia permanently cancels 700 million mt Kyoto-era carbon credits: Minister

September 15, 2023 Comments Off

Australia has permanently cancelled 700 million mtCO2e of carbon credits carried forward from the Kyoto-era that will prevent future governments from using the offsets to meet the country’s climate targets, Chris Bowen, Minister for Climate Change & Energy, said Sept. 15 in a speech at the 10th Australasian Emissions Reduction Summit. One of the overhangs of the previous era has…