Climate Change Authority
The Climate Change Authority today welcomed the historic climate accord reached in Paris at the weekend. As anticipated the agreement commits the signatories to be bound to their individual targets with 5 yearly reviews aimed at strengthening the agreement over time.
Above all, the almost 200 nations have committed to a temperature increase "well below" 2 degrees, putting the science at the heart of the policy framework.
The Authority will consider the outcomes from COP21 in Paris in its 3rd and final report on Australia’s climate policy actions due to be released in June 2016.
The Authority’s second draft report in its Special Review invites a fresh conversation about Australia’s climate policy options. The report looks at the full range of emissions reduction policies, including the various types of emissions trading schemes. It explains how the Authority will evaluate the policy options, based on three key principles: cost effectiveness, environmental effectiveness and equity. The report also looks at how climate policies can affect international competitiveness.
The Government announced a target of 26‑28 per cent below 2005 levels by 2030 for Australia on 11 August 2015. This statement sets out the Authority’s observations on the target.
The Authority released its Final Report on Australia’s future emissions reduction targets on 2 July 2015. The report recommends Australia adopt a target of 30 per cent below 2000 levels by 2025. The report draws on the Authority’s public consultations and new information since the draft report on targets was released on 22 April.
The Climate Change Authority is analysing the electricity sector as part of its Special Review into Australia’s climate action. This analysis will include modelling of a range of illustrative policies for reducing electricity sector emissions.