Offsets for emissions breaches prove Australia has a carbon market, Labor says

Industrial sites have spent millions on carbon credits under Direct Action’s ‘safeguard mechanism’Sixteen Australian industrial sites have breached government-imposed greenhouse gas emissions limits and had to buy millions of dollars in carbon credits.The breaches came despite big emitters being granted generous carbon limits, in many cases above their highest previous pollution levels. Related: Emissions increases approved by regulator may wipe out $260m of Direct Action cuts Continue reading...