ACCUs are used as "offsets" by companies that want to reduce their carbon footprint. After a company reduces emissions as much as it can, it buys offset credits to make up for its remaining emissions.
So far, the government has committed to spending more than $300 million on ACCUs created through "avoided deforestation" via the ERF. More than a fifth of the money spent through that fund has already gone to that method.Not 'enough bulldozers in NSW' for assumed clearing The report found the amount of "avoided deforestation" would not have realistically occurred in the first place.
The federal government assumed that any farmer who had approval to clear forest under a particular type of permit in NSW would have cleared it, and so it was eligible for ACCUs if they committed to not clearing it. Some avoided deforestation credits are created when landholders have permits to clear land but choose not to.
mikeyslezak PennyTimms Only external circumstances will reduce emissions: Australian Green House Gas emissions down in 2020 due to Covid19
Another ScottMorrisonMP sussanley con trick 🤬🤬🤬
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