The Climate Change Authority (CCA) has begun a 10-month study into Australia’s greenhouse emissions targets, a review that is likely to recommend a national “carbon budget” for the very first time, and could possibly suggest much steeper and longer-term emission reduction trajectories than has been contemplated by either mainstream political party to date, Giles Parkinson writes today in RenewEconomy.
The CCA just released an issues paper on Australia’s targets to reduce greenhouse gas emissions, before it takes submissions and prepares an interim report in October, just a month after the next federal election. It is expected to deliver its final report in February, 2014.
The concept of a carbon budget is important in climate policy, since the magnitude of climate change is not determined by emissions in any given year, but by the total level of pollution emitted over time. As with any ‘budget,’ the idea is that if we save less now we have to save more later and vice versa. The longer you delay action the more you pay to catch-up.
The Carbon Tracker Initiative, out of the UK, has a new report out warning that too much investment in fossil fuel reserves risks bringing on a new global economic crisis.
The report, Unburnable Carbon 2013: Wasted …
A good reminder of why we need to worry about climate change and impacts, graphic from Information is Beautiful.
An opinion article in Climate Spectator today says the Carbon Farming Initiative (CFI )will offset between 5 and 39 million tonnes of greenhouse gas emissions per year by 2020, with a total annual value of between …
Analysis published yesterday by Bloomberg New Energy Finance (BNEF) says that there is a 32 per cent chance that Australia’s carbon price will be repealed after the 14 September federal election.
The full BNEF White Paper - ”Will Australia’s …
President Barack Obama in the State of the Union address laid out his plan for pursuing a price on carbon in the United States.
Obama said: “I urge this Congress to get together, pursue a bipartisan, …
Renewable energy is now cheaper than electricity from new-build coal- and gas-fired power stations in Australia, according to new analysis from research firm Bloomberg New Energy Finance.
The study shows that electricity can be supplied from …
New research released by the OECD today says that 29 countries have higher ‘effective’ carbon prices than Australia.
Taxing Energy Use: A Graphical Analysis provides systematic statistics on energy and carbon taxation across all OECD member …
Officials from Australia and the European Union called upon UN negotiators to allow all nations to use carbon credits under the Clean Development Mechanism (CDM) to meet emission reduction goals, regardless of whether the targets …
Disagreement over how to verify emission reductions from avoiding deforestation threatens to block a deal among 194 nations on how to halt logging, which accounts for around 14 per cent of global greenhouse gas emissions, …
For the first time in a long time, more people support the carbon ‘tax’ (46 per cent) than oppose it (44 per cent), according to a new Essential Media poll.
While net support is quite thin …
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