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Transcript
Beyond Kyoto Australia’s Emission Reduction Scenarios post-2012 Sharon Mascher, Faculty of Law Source: Garnaut Climate Change Review Final Report, Figure 3.2 Source: Garnaut Climate Change Review Final Report, Figure 3.1 Source: IPCC Fourth Assessment Report: Climate Change 2007: Mitigation of Climate Change Carbon Pollution Reduction Scheme Bill 3(2) The first object of this Act is to give effect to Australia’s obligations under: (a) the Climate Change Convention; and (b) the Kyoto Protocol. (3) The second object of this Act is to support the development of an effective global response to climate change. (4) The third object of this Act is: (a) if Australia is a party to a comprehensive international agreement that is capable of stabilising atmospheric concentrations of greenhouse gases at around 450 parts per million of carbon dioxide equivalence or lower—to take action directed towards meeting Australia’s target of reducing net greenhouse gas emissions to 25% below 2000 levels by 2020; and (b) if paragraph (a) does not apply—to take action directed towards meeting Australia’s targets of: (i) reducing net greenhouse gas emissions to 60% below 2000 levels by 2050; and (ii) reducing net greenhouse gas emissions to between 5% and 15% below 2000 levels by 2020; and (c) to take the action mentioned in paragraph (a) or (b) in a flexible and cost-effective way. Carbon Pollution Reduction Scheme Bill Revised Explanatory Memorandum Government considers that a comprehensive international agreement will involve inter alia: • a clear global trajectory, where the sum of all economies’ commitments is consistent with 450 parts per million CO2-e or lower, and with a nominated early deadline year for peak global emissions not later than 2020 • advanced economy reductions, in aggregate, of at least 25 per cent below 1990 levels by 2020 • major developing economy commitments to slow growth and to then reduce their absolute level of emissions over time, with a collective reduction of at least 20 per cent below business-as-usual by 2020 and a nomination of a peaking year for individual major developing economies
