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Polluting industries want low-cost compliance with climate laws – and poor-quality offsets satisfy this demand. For polluters, it's an easy win: buy offsets, appear to have done something, and keep on polluting. But bad quality offsets can actually make climate change worse.

Questionable offsets and flexible compliance have slowed down the shift away from oil, gas, and coal. The Clean Energy Regulator (CER) buys, sells and endorses the integrity of offsets.

For offset schemes to be a real market, the buyers and sellers need to be separate, and the offsets need to independently be verified.

The reduction of use of oil, gas and coal are things which can be monitored and verified. As an Australian, with an economy that is dependent on producing all these things, I am hesitant to state outright we need to stop. Too many livelihoods depend on these sectors.

However, I do think we need to plan to move to other things, providing new innovative services which will keep people employed, while also doing our best to protect our planet.

I don’t advocate for ruthless fast cuts – we need a plan, which we need to implement ruthlessly. Industry wont want to, as changing from current practices always comes at a cost. I think we should push for real change over 5-10 years that has significant results. Not the weak goals stated by our government due to their alliances with large business. If we reskill our people while we also cut high emission practices, our economy will be the better for it.

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Deborah Knight

Leadership coach for change-makers | Organisational strengthening | Facilitator | 25+ years of government, foreign aid and private sector experience | Foreign aid consultancy & advisory | PNG & Pacific specialist.

2 年

Kelvin, thank you for your comment. I agree that we have an obligation to protect and nurture our environment. For ourselves and those who follow. We aren't separate from the world around us, we are part of it. Yet I agree with you we act like we are, and that what we do has no consequences. We are wrong. The move of shareholders in private business to demand sustainable practices and social responsibility from the companies is heartening. Now it's being linked to perception of company performance..perhaps they will care!

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Kelvin Waukave

Independent Engagement(MBA/MIDEA/CPA)

2 年

Human and natural environment including climate has a delicate uncompromising relationship. With ingenuity, human may create hybrid strategy resolutions which are constantly changing to find an amicably and harmonious fit which I think are mere short cut solutions embedded with human flaws. In principle, human has moral obligation to take care of natural environment but sadly by human nature will conscientiously and inevitably destroy the environment to meet or satisfy its unlimited wants and demands for survival. Rather than finding solutions in business processes entangled in a system designed to destroy and consume the daunting question is - could human race find an alternative economic system that does exactly the opposite. This means to progressively undo every thing.If we do not, the environment has a natural way of balance to keep in tag its delicate natural relationship but at a cost exceedingly above every human though and imagination.

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