Accountancy is the distraction international climate institutions pursue. They err because reducing emissions would imply devaluing the fossil fuel assets of powerful actors. 🧵

#assets #assetStranding #carbonPricing #fossilFuels #carbonCredits #offsets #industrialPolicy #climatePolicy #economy #windfallProfits #carbon

"The cause of climate change is the extraction and combustion of fossil fuels. But instead of focusing on the fundamental root cause, we’ve been focused on the interim product, emissions.
"But what I show in the book is that managing tons is an extremely narrow and technical understanding of the problem of climate change."

Jessica Green: https://yaleclimateconnections.org/2026/03/the-big-flaw-in-climate-policy-were-trying-to-solve-the-wrong-problem/

#assets #carbonPricing #fossilFuels #carbonCredits #offsets #industrialPolicy #climatePolicy #economy #windfallProfits

Megan Evans, Crikey:

"The forests that should be regenerating in projects covering 42 million hectares — an area almost twice the size of Victoria — are simply not appearing at the rate they are being credited for, and most of these HIR projects are wildly non-compliant."
"The ‘boom-and-bust’ nature of rangelands makes them ill-suited to nature-based solutions involving carbon sequestration in vegetation and soils."
#AusPol #CarbonCredits #Australia

https://www.crikey.com.au/2025/06/06/labor-gas-woodside-north-west-shelf-dodgy-carbon-credits-scheme/