The Australian government has announced an emissions reduction target of 26-28 per cent on 2005 levels by 2030. We view this figure as weak in that the government has failed to increase Australia’s existing emissions reduction ambition under the Kyoto Protocol.
In line with the government’s National Greenhouse Gas Inventory (NGGI), in 2005 Australia’s emissions were 608 million tonnes (Mt), meaning that emissions will need to fall to 450 Mt by 2030 to meet the 26 per cent target, or 438 Mt to meet the higher 28 per cent reduction (The government refers to emissions figures of 612 Mt in
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