Why Australia’s “net zero” is a con


Greg Jericho posted the below chart at The Australia Institute warning that Australia’s carbon emissions are not falling and have zero chance of meeting the 43% carbon reduction target by 2030:

Australian carbon emissions

Meanwhile, The AFR published an article on Tuesday explaining how the requirement to build more resident and commercial structures to meet the growing population works against the goal of “net zero” carbon emissions:

Data from engineering consultancy Arup last year showed buildings typically emit 600 kg to 1000 kg of CO2 per square metre over a notional 60-year life span, with roughly half of that from embodied carbon and half from operational carbon.


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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.