With the government’s Direct Action Plan now enacted, and Australia’s 2030 emissions reduction target to be presented in the first half of the year, in this Market Update, we provide updated analysis of Australia’s low carbon pathway to 2020 and 2030, examining the remaining emissions reduction opportunities across the Australian economy, and the sectors and activities with the largest potential to drive Australia’s low carbon future.
The report is the first to look at Australia’s marginal cost of abatement in 2030 since research by McKinsey & Company in 2008, with RepuTex’s 2015 analysis updated to consider changes in gas and electricity prices, demand and policy.
Analysis indicates that Australia’s 2030 emissions reduction opportunities are rapidly decreasing, with policy uncertainty and delays in investment leaving the economy with fewer options to reduce emissions, and a higher cost to implementing greenhouse gas abatement projects.
You can view a summary of this report below:
This Market Briefing is a summary of RepuTex’s Market Update for January, titled “The Lost Years – An updated Marginal Abatement Cost curve for Australia to 2030”, published under our Carbon Market Intelligence service.
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Our Marginal Abatement Cost (MAC) analysis is available to our Carbon Market Analytics subscribers, including breakdowns across all 88 activities to 2020 and 2030.To learn more, please register interest, CLICK HERE >>