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While Australia debates how to reach our Paris Agrement targets, wider issues such as whether these targets are appropriate and how they might need to be adjusted in the future are receiving scant attention.
This discussion paper argues that requiring Australia’s agricultural sector to reduce emissions by at least 26% by 2030 would impose significant costs and reduced production for the industry.
The Australia Institute has reviewed economic modelling of climate policies released by Brian Fisher, of BAEconomics. The review shows that BAEconomics’ modelling is based on flawed assumptions and its conclusions are not valid.
New analysis of the BAE economics modelling by Brian Fisher highlights that it is based on numerous flawed assumptions which cast serious doubt to the validity of the claims contained.
This paper analyses 22 recent modelling reports of the economic impacts of higher ambition targets. Extensive literature shows Australia can achieve higher ambition targets with very small economic impacts. Claims that higher ambition would be ‘economy wrecking’ or ‘apocalyptic’ are not credible.
This paper suggests that the Coalition government’s reliance on dated carbon credits to extinguish over half of its Paris Agreement target might not be authorised, forcing it to purchase last-minute international permits or drastically reduce emissions to cover huge gap.
Unless national action is taken to meet the Paris Target to limit global warming to less than 2 degrees, Australia’s GDP faces a hit of an average of $130 billion per year according to this briefing note by The Australia Institute.
This paper is designed to demystify the Renewable Energy Target, look at what it has achieved and what it is capable of achieving, and to consider the challenges it faces in the near future.
Australians love renewable energy. A recent survey...