The Chubb review found that Australia’s carbon credits scheme is largely sound. Why does the Explorer suggest that so many projects are high risk?

The Chubb review did not analyse individual projects. This meant that it did not investigate how projects are actually being administered by the Clean Energy Regulator or how they are operating on the ground. It analysed the scheme’s governance arrangements and the design of four methods used to generate carbon credits only.

Without analysing the performance of individual projects, there is no valid way of reaching a conclusion on the integrity of projects, ACCUs or the scheme as a whole.

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Disclaimer
Carbon Integrity Explorer

The Carbon Integrity Explorer provides information about carbon offsets projects registered under the Australian Government’s carbon offset scheme. 

Registered projects can generate Australian carbon credit units (ACCUs). Each ACCU is supposed to represent 1 tonne of real and additional abatement of greenhouse gas emissions. 

The Carbon Integrity Explorer uses government datasets to provide indicative information on whether projects are likely to be generating real and additional abatement.   

The information contained in the Explorer is indicative only and should not be relied upon as a definitive measure of the extent to which projects have, or are likely to, generate real and additional abatement. The Explorer does not:·  

  • assess, or purport to provide information on, whether projects are complying with the legal requirements of the offset scheme;  
  • assess, or purport to provide information on, whether the ACCUs that have been, or are likely to be, issued to projects are valid or invalid; or
  • assess, or purport to provide information on, the actual or expected market value of any ACCUs.

The Carbon Integrity Explorer should not be relied on for the above purposes. 

The Centre for Environment and Integrity Pty Ltd does not suggest or imply that any proponent of any project has done anything unlawful or unethical or that ACCUs issued to any project are not legitimate or valid. The indicative risk rating is an indicative measure of the abatement risk associated with relevant projects and nothing else. 

The Centre for Environment and Integrity Pty Ltd does not have an Australian financial services licence and, in operating the Explorer, is not providing financial advice about ACCUs or any other financial product.

By proceeding, you agree that you have read and understood this disclaimer.
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