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Australian Property Institute calls on Howard Government to implement national regulation to protect buyers of carbon offsets from exploitation

Posted by gmarkets on 3 September, 2007

The Australian Property Institute had called on the Howard Government to implement national regulation to protect buyers of carbon offsets from being exploited in the explosion of new voluntary carbon offset schemes in Australia, reported The Australian (3/8/2007, p.7). National register of carbon ownership, please: In a new policy paper, the NSW and Queensland divisions of the API have called for a national register of carbon ownership, like a land title registry, to independently verify all carbon credits created by offsets and other schemes.

300 schemes in Australia? API government liaison chairman John Sheehan said the size of the market or the number of schemes operating was unclear, but anecdotal evidence suggested more than 300 schemes had sprung up across Australia, many of them in the past few months.

New carbon trading exchanges: A new carbon emission trading exchange was launched last week and another, FEX climate, will be launched by former US vice-president Al Gore next month. FEX operates the national water registry established in 1999.

The Australian, 3/8/2007, p. 7

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