Global Offset Experts: Australia expects a 24% emissions increase by 2020 without a carbon market.

Feb. 9, 2011 - PRLog -- Global Offset Experts has learned that the Australian Climate Change Dept. estimates that emissions will grow by 1.8% annually between 2010 and 2020 amid a rise in coal and liquefied natural gas exports. According to a recent report this compares with an average yearly annual increase of 0.4% in the previous decade.

As the globes largest coal exporter, Australia needs to impose a price on carbon emissions after having set a target of generating 20% of its electricity from renewable sources by 2020.

“More needs to be done, and that’s why we need a carbon price, soon,” Climate Change Minister Greg Combet told Global Offset Experts. “Without a carbon price underpinning long-term investments in renewable energy, low emissions gas generation and energy efficiency, the report anticipates that new coal-fired generators will continue to be built, and there is a risk of falling short of the government’s target.”


Global Offset Experts has learned that the Australian government committed to at least a 5% cut in emission levels by 2020 over 2000 levels according to the report. Prime Minister Julia Gillard earlier stated that lawmakers need to decide this year on how to introduce a carbon price.

The report went on to say that emissions from coal mines and oil and gas projects, including LNG projects, were expected to be responsible for around 50% of the forecast growth over the next ten years

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