This article is a year old but holds true (even more so) now.
Changing the journalism of climate change
How did this come to light?
"The issue was complex and barely covered in mainstream media. Hence the belated outrage today, thanks to racy packaging by the Morgan Foundation."
Publishing in partnership
It seems the Government plans to rely heavily on a hoard of cheap, low-quality carbon credits to meet its current climate change target. Or at least pretend to meet it. But if that is the plan - its achieved by completely subverting the Emissions Trading Scheme.
A carbon credit is a creature of the Kyoto Protocol and will have no value unless it comes into force. That will happen if and only if Russia ratifies it. If Russia does ratify the question then will be how much of its "hot air" credits get released into the market.