Australian carbon emmisions blow out

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From the AFR:

Australia is on track to miss its 2030 carbon pollution reduction target, with official data released ahead of the Christmas break showing emissions are still rising.

The federal government on Thursday made public the official quarterly emissions data for the year to June showing an increase of 0.8 per cent on the previous year.

It also released projections showing emissions in 2030 will be just 0.5 per cent lower than 2005 levels, rather than the government’s own targets of 26-28 per cent lower.

Just do nothing (except inflate population, house prices and carbon output).

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.