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Australia may fall behind in the competition to become the most carbon-efficient nation.

Australia may fall behind in the competition to become the most carbon-efficient nation.

ImpactDigger by ImpactDigger
February 27, 2023
in Carbon market
Reading Time: 1 min read
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Carbon credits have been a controversial topic in recent years, with some arguing that they are not a viable tool in the fight against climate change. However, Mr. Connor has argued that carbon credits can be an important part of the solution. He believes that high integrity offsets can help to reduce emissions and create incentives for businesses and individuals to reduce their carbon footprint.

Mr. Connor has identified several key elements that are necessary for carbon credits to be effective. These include ensuring that the credits are based on real, measurable reductions in emissions, that they are independently verified, and that they are transparent and accountable. He also believes that the credits should be linked to the global carbon market, which would create incentives for businesses to reduce their emissions.

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Mr. Connor has argued that carbon credits can be used to reduce emissions in the short-term, while also providing incentives for businesses and individuals to reduce their carbon footprint in the long-term. He believes that this approach can help to reduce emissions in a cost-effective and efficient way, while also creating economic opportunities for businesses and individuals.

In conclusion, Mr. Connor believes that carbon credits can be an important part of the solution to climate change. He believes that high integrity offsets can help to reduce emissions and create incentives for businesses and individuals to reduce their carbon footprint. By ensuring that the credits are based on real, measurable reductions in emissions and that they are independently verified, transparent, and accountable, carbon credits can help to reduce emissions in the short-term and create economic opportunities in the long-term.

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Following COP27, the CME Group has shifted its focus to carbon pricing, with the launch of its new carbon futures contracts. The contracts will allow companies to hedge their exposure to carbon prices and help them manage their emissions-related risks. The CME Group is also working to develop additional products to further facilitate the development of carbon markets and provide more efficient price discovery.

Relying on carbon offsetting to achieve environmental goals in business operations in Cambridge and the East of England.

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