Last month the Climate Change Authority published a Draft Report of its Targets and Progress Review, which is to be completed by February 2014.
Submissions to the Draft Report must be lodged on this webpage by 29 November 2013.
The full draft report (all 265 pages) is downloadable from the first link above. Unfortunately I don’t have time to read all of it, so I’ve reproduced below the summary of the Executive Summary provided by the Authority, with some slight enhancements.
This Review can inform upcoming decisions on international commitments, guide long-term investment decision-making and inform the design of the Government’s Direct Action Plan.
The Authority’s views are grounded in science which says the world needs a long-term limit on emissions to stay below 2 degrees of warming and reduce risks of dangerous climate change. Australia also needs to take a long term view of emissions and set a 2050 emissions budget.
The Authority has also considered international action on climate change which shows a clear trend towards more ambitious action, although all countries need to do more.
The Authority has considered the economic implications of stronger targets and has concluded that it is possible to move to stronger targets at relatively small cost to the economy. The Authority’s draft recommendations seek to balance short term clarity and stability with longer term flexibility by recommending a single 2020 target and a trajectory range to 2030.
The Authority considers a 5 per cent target for 2020 to be inadequate because the Government’s [own] conditions [for moving beyond 5 per cent appear to have been met] and the pace of international action justifies us going further. [It] is inconsistent with action towards the 2 degrees goal and more ambitious targets might now be easier to achieve than earlier thought.
The Authority presents two targets for 2020 – 15 per cent and 25 per cent, with different trajectory ranges to 2030 [35 to 50 per cent and 40 to 50 per cent respectively].
Compared with 25 per cent, 15 per cent would require faster reductions later, and would use up more of the [carbon] budget sooner. [It] would place us in the middle of the pack on climate change action and would cost slightly less in the short term.
Australia can use international emissions reductions to help meet its target. While we have many domestic opportunities to reduce emissions, allowing international emissions reductions to be part of the mix can help lower costs. The Government should consider allowing the use of international emissions reductions to go beyond 5 per cent.
The Authority seeks feedback on this Draft report to inform its deliberations on final recommendations.
Clearly the Abbott Government will take no notice of the Review. In fact they have specifically reneged on the extended 5 to 25% range which had been bipartisan policy since 2009. Continue reading Climate Change Authority review