The government’s revised emissions projections, to be released next week, are expected to indicate that Australia’s abatement challenge has again fallen, with Greg Hunt commenting that Australia’s abatement task is expected to fall “below zero”.
We continue to estimate that more than 200 million tonnes (Mt) may be removed from Australia’s 2020 abatement task(June Market Update) driven by reduced industrial activity. This is expected to create a shortfall of under 50 Mt to the 2020 target, which Australia will be able to overcome by utilising an “accounting benefit” for past performance earned under the first period of the Kyoto
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