The proposed park ends native forest logging on the land and creates a vast sanctuary for koalas and 66 other threatened species.
But it’s always best to read the fine print and understand the Ts&Cs. In this case, they reveal a diabolical trade off.
The native forest will only be saved from logging if the government can monetise it as “carbon credits”.
“The final creation of the park is dependent on the successful registration of a carbon project,” the government makes abundantly clear.
It wants the Clean Energy Regulator to let it generate carbon credits, it seems, from a national park – an unprecedented step. If it can’t, the government says the vast koala sanctuary on the state’s mid north coast won’t go ahead.
Why is this demand a worry?
The NSW plan would only protect forests if they were monetised in ways that support continued carbon emissions.
Carbon credits are a license to pollute. If the NSW government is allowed to generate carbon credits from native forests earmarked for the great koala park, the most likely buyers would be big greenhouse gas emitters.
Under Australian law, these businesses can keep extracting and burning fossil fuels provided they “offset” their emissions by buying Australian Carbon Credit Units or ACCUs.
That’s how Woodside justifies its plans to open up new gas fields and process export gas on the North West Shelf until at least 2070 – with federal government approval.














