Australian carbon credits are not a “fraud”, a review of claims made by a whistleblower has found.
The Clean Energy Regulator set in train the review of the claims about the way carbon credits are approved and earned under the federal Emissions Reduction Fund.
“The assessment found the claims were not substantiated and there were serious deficiencies in the analysis of the two ERF methods,” the regulator said on Wednesday.
The regulator also rejected the “extravagant language” used by former insider Andrew Macintosh.
The review found existing compliance mechanisms are working and that the carbon farming methods questioned by Professor Macintosh meet integrity standards set out in the Commonwealth legislation.
Prof Macintosh, ex-chair of the regulator’s internal assurance committee, said the credits were “a fraud on the environment, a fraud on taxpayers and a fraud…
Clean Energy Regulator review rejects carbon credit ‘fraud’ claim
