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Australia is the only country using carryover climate credits, officials admit

Australia is the only country using carryover climate credits, officials admit

22.10.2019

Australia is the only country using carryover climate credits, officials admit

More than half of Australia’s Paris emissions commitment will come from controversial credits

Critics say the credits do not represent the emissions reductions needed to help meet the Paris goal of limiting global heating to as close to 1.5C as possible. Instead, they say, the credits are a fudge that cuts what Australia needs to do to meet its 2030 emissions target roughly in half and that Australia can claim access to them only because it set itself unchallenging targets under the Kyoto deal.

“So just Australia?” Hanson-Young asked. “At this stage, yes,” Munro said.

In its evidence at Senate estimates, the department suggested the government might not need to use the credits to meet its 2030 target if emissions from electricity generation continued to fall. Jo Evans, a department deputy secretary, said there had been improvements in emissions from the electricity sector year-on-year.

While emissions from electricity have fallen in recent years, total national emissions have been rising since 2015, largely due to increases from natural gas production for export and transport.

Department officials confirmed in Senate estimates that 92m tonnes of the emissions reduction needed to meet Australia’s target was projected to come from “technological improvements” not linked to policy changes but expected through unspecified innovations across the economy.

Read more: The Guardian

Credits..

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