Exclusive to Crikey – Possibly the greatest Scandal of this decade “Carbongate” – the theft of billions of dollars in Carbon Credits.
Over the coming week Australian Prime Minister Kevin Rudd will attend the Copenhagen Climate Change Conference and be hailed as one of the world leaders on climate change action. The PM attends the meeting with Australia being one of a handful of developed countries to have met their Kyoto Treaty obligations. Australia’s Kyoto commitment was to limit the Nations Carbon Dioxide emissions to 108% of 1990 levels.
The Carbongate “Trick”
The “trick” is how Australia, with a rapidly growing economy over the last two decades, has been able to achieve this. Emissions from energy and transport have increased by 23% over 1990 levels. Australians might wonder how with our rapidly growing population and economy over the last two decades, as a nation we seemed to be in a position to claim that we only increased our total emissions by 9%. Well, we haven’t. Our emissions have increased by 30% but thanks to the “carbongate” swindle we can claim it’s only 9%.