Australia would fail to meet its Paris Agreement commitments to cut greenhouse gas emissions even with a $US75 carbon tax that would drive up Australia's electricity prices by 75 per cent over the next decade.
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| A $US75 a tonne carbon tax would drive up Australia's power prices by 75 per cent but still see the nation's emissions fall short of its Paris Agreement commitments. |
Research by the International Monetary Fund, released on Friday, shows Australia is still so dependent on coal and other greenhouse gas-intensive energy sources that even direct intervention to address climate change won't be enough for the country to reach its international commitments.
Read the story from The Age by Shane Wright - “Australia will miss Paris goals even with a $US75 a tonne carbon tax: IMF.”
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