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Richard Holden

Bad carbon credits are undermining climate progress

One thing both the left and right ought to be able to agree upon is that an effective market for high quality carbon credits is important.

There are two important words in the term ‘net zero’. And while political attention is largely focused on the ‘zero’ part, economic and engineering focus is more on the ‘net’.

If we’re going to achieve our climate goals, then not only are we going to have to emit less carbon, we’re also going to have to remove carbon from the atmosphere.

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Richard Holden is scientia professor of economics at UNSW Business School. Connect with Richard on Twitter.

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    Original URL: https://www.afr.com/policy/energy-and-climate/bad-carbon-credits-are-undermining-climate-progress-20250601-p5m40h