Changes to Australia’s emissions reduction policies may do little more than channel taxpayer money to industry.
Under the current rules, the federal government takes the most responsibility for buying carbon credits. A blockchain-driven market would be faster, smarter, and much more open.
Climate change has won and lost elections in the past, and there’s a distinct chill in the air this time around.
Australia’s greenhouse emissions are once again rising, after a decade of consistent declines. But the right policies are already in place to turn things around - they just need to be ramped up.