Cuts in power sector emissions are unlikely to be maintained, while those from the transport sector will continue to climb in the absence of mandatory standards, according to analysis by The Australia Institute.
“From now on … electricity emissions will fall much more slowly” if not remain flat, Hugh Saddler, an energy analyst and author of the report, said.
…Applying several approaches used widely to assess nations’ contribution, the institute found the government’s Paris pledge to be “grossly inadequate”.
“Whether you assess the fairness of a country’s emissions reduction target by population, economic cost, or a combination, our analysis shows Australia’s reduction target is unambitious, unfair and irresponsible,” Richie Merzian, director of the institute’s Climate & Energy Program, said.
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.
