MARKET UPDATE: Emissions Policy Confidence, or Complacency?

Given lower than expected historical emissions, Australia will be able to increase its emissions from 2014 levels and still meet its target for the second commitment period (CP2) of the Kyoto Protocol. This has led to confidence that “past practice” will see Australia meet its 2020 emissions reduction task, with Environment Minister Greg Hunt stating that Australia will “achieve if not exceed our targets”.

While economic factors have been the major contributor to Australia’s decline in emissions, it would be complacent for policymakers to assume that ongoing emissions reductions will continue to occur beyond 2020 without effective policy to achieve such an outcome.

While the allowance for Australia’s emissions to rise and still meet the CP2 target will ease some pressure, analysis indicates that confidence in meeting Australia’s post-2020 abatement task may be misplaced, with demand for Australian coal and LNG exports expected to drive growth in direct combustion and fugitive emissions.

Please login to access our full Carbon Market Update (PDF) report, titled “Emissions at the Crossroads: Climate Policy Confidence, or Complacency?”, published under our Carbon Market Intelligence service.

Restricted Access

This is a subscriber report. Please login to access this content.

Not a subscriber?

To learn more about our research services for the Australian energy and emissions markets, click the button below, or email our subscriptions team.

Sign up for regular insights

LATEST UPDATES

  • WEBINAR: Where to for Australian carbon offset prices under current policy?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    As the federal government considers changes to its climate policy framework, including new Safeguard Mechanism […]

    Research Insights | July 13th, 2020
  • CO2 offset price of $30-100/t for Australia to reach and maintain net-zero emissions

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    As the federal government considers major changes to its climate policy framework, including crediting Safeguard […]

    Research Insights | June 23rd, 2020
  • OUTLOOK: Long-term carbon price, supply and demand outlook (Q4 FY19-20)

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    As the federal government considers major changes to its climate policy framework, including crediting Safeguard […]

    Research Insights | June 23rd, 2020
  • The King Review: Government steps toward a baseline and credit scheme

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The federal government today released the findings of its Expert Panel review (the King Review), […]

    Analyst Alerts, Research Insights | May 19th, 2020
  • UPDATE: Australia’s Expert Panel Climate Policy Review – What to Expect?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    2020 is shaping up as (another) key year for Australian climate policy, with the government’s […]

    Research Insights | May 13th, 2020
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone
  • Quick Navigation

  • Electricity

    Learn more about our modelling and price outlooks for the NEM
  • Renewable Energy

    Learn more about our services for wind and solar developers
  • Carbon Market

    Learn more about our Australian carbon price and market analysis
  • Latest Insights

    View our latest articles, white papers, reports and publications