The Forum > Article Comments > Greg Hunt’s carbon illusion > Comments
Greg Hunt’s carbon illusion : Comments
By Ben Rose, published 18/9/2012The Liberals' Direct Action plan is constructed on the premise of bogus soil carbon offsets.
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A pointer that these schemes are a scam is the lack of a refund mechanism. If drought, fire, decay or disease converts the stored carbon back to CO2 and CH4 then the farmer should have to pay carbon tax, thereby cancelling out the proceeds of any earlier sale of carbon credits.
I don't think much of carbon tax either. The emissions reduction target for 2000-2020 should be at least 30% not a pathetic 5%. If our coal exports don't also go into reverse then from a global standpoint there is no point to the whole exercise.