Russel Norman

Oz and Kyoto

by Russel Norman

So Australia Day is tomorrow. But when it comes to climate change and greenhouse emissions there’s not much to celebrate. Australia has refused to ratify Kyoto and is instead undermining it with the AP6 initiative (with US, Japan, Korea, India and China).

Under Kyoto there are effectively binding reduction targets. If you go over your target then you have to buy carbon credits on the international market. Hence it creates a financial incentive to meet your targets and puts an international price on greenhouse emissions.

With the AP6 there is no binding reduction targets, but a set of voluntary measures. While some of those voluntary measures are good, they won’t result in a reduction in emissions.
AP6 is basically a competitor to Kyoto because it establishes an internationally “legitimate” system of “addressing” climate change that has no economic cost. Unfortunately it doesn’t reduce emissions. An ABARE study done for the AP6 predicted that the AP6 approach, under the most optimisitic scenario including carbon capture and storage, could reduce global emissions by 23% from business as usual in 2050. But this would mean more than a doubling of emissions (8 to 17 Gt CO2). A doubling of emissions would be a very bad climate change outcome.

Australia needs to stop undermining Kyoto. Kyoto has it problems, the targets are way too low and big polluters like India and China have no targets at all, but we need to improve it not undermine it with AP6 which will only make things worse.

As an addendum, I should say, to be absolutely clear, that I am talking about the Australian federal government, not the Australian people. A November 2006 Newspoll found 75% of Australians want the federal government to sign up to Kyoto.

Published in Economy, Work, & Welfare | Environment & Resource Management by Russel Norman on Thu, January 25th, 2007   

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