Briefing paper

Global Climate Action – May Update:

5 May 2015
Description

The Climate Institute's May update on the most recent developmentson new targets and other policies.

Overview

In the lead-up to the Paris climate talks in November, countries are advancing their domestic climate and clean energy efforts and developing their post-2020 emission reduction targets. This is The Climate Institute's May update on the most recent developmentson new targets and other policies.

As Australia continues to mull over its post-2020  emissions reductions target, a number of countries and now state governments have started to ramp up their  action to limit pollution.

Many major countries announced their initial targets  earlier, but April saw important announcements from  the governments of California and Ontario, as well as  Japan.

California has announced it will aim to reduce emissions by 40 per cent below 1990 levels by 2030 as part of its contribution to avoiding a 2°C increase in global temperature. If Australia were to match California’s target it would need to aim for pollution reductions of around 30 per cent below 2000 levels by 2025 (see more below).

Ontario in Canada announced that it will implement an economy-wide cap and trade system, which will link with the similar systems in Quebec and California. Among the less rosy announcements was Japan’s draft post-2020 target of 26 per cent reduction below 2013 levels by 2030 (or 25.4 per cent below 2005 levels). This target would leave Japan on the sidelines of serious international action and clean technology investment.

Publication Details
Published year only: 
2015
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