Australia will permanently cancel millions of controversial carbon credits, removing a loophole that could have been used to meet its international climate commitments.

The cancellation of more than 700 million so-called Kyoto credits — equivalent to about 150% of the nation’s estimated emissions last year — means they can’t be used toward the nation’s Paris Agreement goal. Australia will also officially confirm its compliance with its Kyoto Protocol target early next year, after an international review, the Energy Ministry said Friday.

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Australia Cancels Millions of Controversial Kyoto Carbon Credits