Malcolm Turnbull's - 'climate change magic pudding'. |
This is because Australia is banking its environmental and
fiscal future on a climate change magic pudding.
In 2008, departmental projections estimated that we would
have to cut cumulative emissions of greenhouse gases by 1,335 megatons of
carbon dioxide equivalent (MtCO2) between 2013 and 2020. This has been
successively revised down to 236Mt. This makes the government’s task of cutting
emissions so much easier.
According to the environment department, the projections
have fallen because of lower electricity demand, the drought, lower
manufacturing output due to factory closures and weaker than expected coal
prices leading to lower production. In short, our underperforming economy has
meant we’re producing fewer emissions than we expected.
Read Pat Conroy’s story on The Guardian - “We can't bank our future on Malcolm Turnbull's climate change magic pudding.”
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