Carbon consultants creaming it. What’s the scam?
· Michael West
What’s the scam with the carbon credits middlemen? Correspondence obtained by MWM claims brokers are taking fees equivalent to half the value of the project’s credits, even more.
The energy and carbon consultants that mediate between the Clean Energy Regulator (CER) and project owners are taking up to 70% of the value of the Australian Carbon Credit Units (ACCU), according to industry sources.
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In a note from Martin Energy Group’s Andrew Boughton to Dairy Australia, he says, “It beggars belief that 20% to 50% of the value of a national carbon credit scheme designed to help farmers and builders is being used to benefit office-bound intermediaries in a wildly disproportionate way relative to their services and assumed risks.”
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