13 August, 2015

We're in the race, but at the back of the pack


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ustralia’s new emissions target is not “squarely in the middle of comparable economies" as the PM claimed. Towards the bottom of the pack of comparable countries, on key indicators. But Australia is coming to the party, and that counts for a lot.

It means the target is not obstructing international progress. And it will put the spotlight back on the opportunities for a lower carbon economy, and the policy instruments to get there.

Australia’s emissions target is a 26-28% reduction at 2030 in national emissions compared to 2005 levels. It can be viewed through different prisms and compared across different metrics.

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