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Paris Agreement Australia Target

Australia`s emissions without land use, land use change and forestry (UTCATF) have increased by 5% since 2014, when the federal government lifted the carbon pricing system. The government intends to achieve its objective, particularly by using the Kyoto transfers, a move that several other countries have explicitly refused to transfer. These transfer units account for more than half of the emissions reduction task based on current government projections (regardless of the effects of the pandemic). At the same time, governments continue to work for renewable energy at the state level, with the Australian Capital Territory (ACT) and Tasmania being the youngest to commit to achieving strong goals. Only two states do not have renewable energy targets. Investment in renewable energy is declining: in the second quarter of 2020, large-scale renewable energy investment was the lowest since 2017, down 46% from the previous quarter. In 2019, renewable energy accounted for 21% of Australia`s total electricity generation, up from 19% in 2018. The 2020 renewable energy target was met last year and there have been no subsequent policy actions or updated targets. Australia`s NDC Intended, published by the federal government in August 2015 before the Paris Agreement was adopted, has required Australia to achieve a “macroeconomic target to reduce greenhouse gas emissions by 26-28% from 2005 to 2030 levels.” However, Australia has qualified its objectives by reserving the right to adapt its objective, “if the rules and other terms of support of the agreement are different in a way that greatly influences the definition of our objective.” Australia did not commit to carbon neutrality in the second half of this century.

The Paris agreement expects countries to strengthen their current targets so that they can achieve their goal of keeping global warming well below two degrees. The statement came after the British host of the meeting, Boris Johnson, and UN Secretary-General Antonio Guterres called on all countries to cancel their targets to record net zero emissions by 2050 and found that 121 nations had already done so. Although the legitimate argument was that the increase in the Australian population should be greater than in the United States, Australia`s 5% target does not meet the US target of 17%. An Australian target of 21% would be needed. To make at least one comparison for the 2020 targets, we need to make a number of adjustments. This will allow us to compare the objectives of the United States and Australia over the 30-year period to 2020, as Joe Hockey said, as with the same apples.

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