
Australia's emissions are set to increase dramatically by 27% above 2005 levels by 2030 according to a damning report by the Climate Action Tracker consortium, taking into account Australia's low post 2020 targets announced on 11 August.
Australia's climate targets are exceptionally low by international standards. The post 2020 target of 26 to 28 percent emissions reduction on 2005 levels by 2030 is substantially less than the major OECD economies of Europe and the USA. The USA may have a similar target but it is five years earlier in 2025. Even Canada, seen as being particularly weak at the federal level, has a 30 per cent target by 2030, higher than Australia. New Zealand's low target is also greater. Only Japan and South Korea have lower emissions targets than Australia.
A week after the targets were released, the economic modelling was quietly uploaded to the Australian Department of Foreign Affairs and Trade website. The economic modelling by McKibbin Software was done for four post 2020 targets and all showed that GDP growth would continue to be above 2 per cent.
"Targets of -26, -35 and -45 per cent relative to 2005 result in GDP being from 0.4 to 1.0 per cent lower in 2030 than with no target." says the report. A 13 percent reduction was also considered on 2005 levels which would hold Australia's total emissions at a constant level. The targets were all modelled assuming the 2020 Australian emissions target of 5 percent below 2000 levels.
So, Australia could legitimately increase our climate target to 45 per cent on 2005 levels with only a slight reduction to GDP growth of about 1 per cent.






