Australia’s just-announced plan for tackling climate change over the next decade proposes to cut emissions 26-28 percent from 2005 levels by 2030.
Blog Posts: australia
Australia is a major nation to watch when it comes to curbing climate change. The country made an international commitment to reduce its GHG emissions by 5 to 25 percent from 2000 levels by 2020. How Australia achieves these reductions can provide lessons on how other countries around the world can pursue their own climate change mitigation plans.
WRI’s Open Climate Network and Australia’s The Climate Institute (TCI) recently analyzed Australia’s climate change plan, which includes a mix of policies to reduce emissions (check out the working paper here). We found that three initiatives stand out in terms of their potential to significantly reduce GHG emissions: a carbon pricing mechanism, a Renewable Energy Target (RET), and the Carbon Farming Initiative (CFI).
Australia, one of world’s most carbon-intensive countries, recently began implementing a comprehensive national policy to address climate change and transition to a clean-energy economy. Yesterday, WRI had the pleasure of hosting Mark Dreyfus, Australian Parliamentary Secretary for Climate Change and Energy Efficiency, who outlined his country’s plans to a group of business, congressional, and NGO representatives.
One point that came through at the event is that Australia’s recent energy and climate choices can be very instructive to the United States. This post provides a quick look at Australia’s new policy and explores how it can inform and inspire U.S. efforts to move toward a low-carbon future.
Why Did Australia Adopt a National Climate and Energy Policy?
Australia faces a high level of climate risk, with significant vulnerability to sea level rise as well as to extreme weather events like drought, heat waves, and wildfires. At the same time, the country is heavily dependent on carbon-intensive resources. Australia has the highest per capita greenhouse gas emissions of any country in the developed world, and it's the 15th largest emitter overall.
This post is based on a release that originally appeared on the website of The Climate Institute.
Australia’s House of Representatives voted to pass the Clean Energy Future Legislation on October 12th. The legislative package will put a price on carbon pollution, promote investment in renewable and clean energy technologies and support action to reduce carbon pollution.