The Carbon Emissions Index (CEDEX) report has indicated the continuous increase in consumption of power in Australia, while carbon emissions have lowered.
Pitt&Sherry and The Australia Institute, in the report, stated that the decline in the use of high-power brown coal and encouraged usage of hydro power have driven the fall of the level of carbon emissions until January 31, 2016. However, they also agreed the change was temporary in nature.
The report claimed increase in the demand of electricity by 0.17 percent in 2015 until January 31. It was depicted that the main reason behind the increase in electricity demand was Queensland’s coal seam gas industry.
The increase in the level of carbon emissions since the scrapping of the carbon tax in mid-2014 became a major concern in recent times, but the slight decline in January 2016 has paved a path towards establishing an eco-friendly environment to live in.
Pitt&Sherry principal analyst Hugh Saddler said that January has been the 11th successive month that indicated hiking demand of power in the National Electricity Market, covering the eastern part of the nation. “Queensland is driving this increase, with demand being 4.5 percent higher than in the year to February 2015 as it continues to use electric motors for the extraction of coal seam gas,” AAP quoted Saddler as saying.
Think Progress reported that in November 2015, Australia announced at the Paris climate meet that the nation has achieved its climate goals by reducing carbon emissions in 2016, which was four years ahead of the estimated time 2020. However, a recent report released by Reputex’s carbon market analysts said that the claim made by the nation in Paris might have been misleading. The analysis stated that Australia’s emissions have actually increased and hence the promised goal can hardly be achieved before 2030.
The CEDEX report expects the national carbon emissions to return to its trending level by March at the time when the undersea cable from Victoria to Tasmania will reportedly be repaired. The repair is said to likely prompt the increase in demand for Vic’s coal-fired power stations once again.