Australia’s current carbon emissions target for 2020 is a 5% reduction on 2000 levels. It is highly likely that existing policy settings will see this target achieved. In the coming months, world attention will turn to Australia’s carbon emissions targets beyond 2020. The Australian Government has today proposed a target of a 26%-28% reduction on 2005 emissions levels by 2030.
Frontier (Australia) today released a report looking at Australia’s proposed emissions targets. In our view, a 25% reduction on 2005 emissions levels by 2025 (36% by 2030) would not only be achievable, but comparable with the proposals of other nations. Our report provides some context for comparing these targets and tasks.
For more information, please contact m.okeeffe@frontier-economics.com.au or phone +61 3 9620 4488.