'Australia's Emissions Reduction Fund (ERF) has serious governance flaws and is potentially wasting billions of dollars in taxpayers' money.'
'Unfortunately, Australia's carbon market currently suffers from a distinct lack of environmental integrity.'
(The Australian National University, Canberra) >

http://www.anu.edu.au/news/all-news/australia%E2%80%99s-carbon-market-a-%E2%80%9Cfraud-on-the-environment%E2%80%9D