The first is through utfifas the “safeguards”

[fifacoinart li]

Despite the minister’s denials, his own scheme and amendments he developed with independent senator Nick Xenophon clearly leave the way open for him to develop a baseline and credit-style emissions trading scheme in two ways.

The first is through utfifas the “safeguards” he will develop to make sure businesses not seeking money from his “direct action” fund don’t increase their emissions and undo all the reductions the government is buying.

The idea is to set baselines that emitters are not allowed to exceed. But Hunt’s own white paper says that “in the unlikely event of baselines being exceeded” he could allow the offending companies to make up for it by “purchasing credits created by other accredited emissions reduction projects”.

The white paper also says that companies that promise a certain quantity of www.utfifas.co reductions in return for money from the $2.5bn emissions reduction fund, but then don’t manage to live up to their promises, could buy credits from companies that reduce emissions by more than they had envisaged.