Australia’s greenhouse gas emissions will keep rising beyond 2020 and will not peak before 2030. A new analysis shows that the country’s projected growth rate is one of the worst in the developed world.
According to the carbon consultancy firm RepuTex, Australia’s emissions increased up to 1.3 percent in 2014 to 2015, the first time in almost a decade. Government forecasts also reveal that the country’s emissions will increase up to six percent to 2020 but RepuTex notes predicts that Australia’s emissions will not peak before 2030.
Apparently, Finland, Sweden and Estonia will perform worse between 2000 and 2020, RepuTex warns. Despite the government’s Direct Action plan and financing the Emissions Reduction Fund, Australia is on track to become among the world’s worst greenhouse gas emitter.
The Direct Action Plan aims to regulate industrial emissions and buy emissions cuts from businesses and farmers. The increased land clearing and brown coal power generation are to be blamed for the increase in Australia’s emissions in 2014 to 2015.
Australia pledged to reduce emissions up to 28 percent by 2030 during the Paris climate conference in 2015. Prime Minister Malcolm Turnbull insists that Australia will meet and beat the emissions reduction target by 2020.
Hugh Grossman, executive director of RepuTex, insists that Australia’s current policies will cause emissions to rise to historic levels. However, projections are lower than previously thought due to future economic growth rates analysis.
The government will review the climate policy in 2017, which will include employing carbon permits to achieve the climate goals. A spokesman for Environment Minister Greg Hunt notes that future projections of greenhouse gas emission growth rate would be revised based on the alterations in demand and the results of new government programs, which include setting standard for car emissions and developing an energy productivity plan in Australia.