Politics

Meeting and beating our targets: Taylor

Federal Energy Minister Angus Taylor says Australia has beaten its 2020 emissions reductions target and has pledged to beat its 2030 Paris target as well.

The latest quarterly update of Australia’s National Greenhouse Gas Inventory shows Australia has beaten its 2020 target by 459 million tonnes.

This is an increase on the previous estimate of 411 million tonnes published in December 2019.

Mr Taylor said Australia’s “overachievement” on its 2020 target is due in large part to significant structural declines in emissions from the electricity and agriculture sectors.

In 2019/20, emissions in the National Electricity Market fell 5.3 per cent to a record low, while emissions from cropping and grazing have fallen by 69 per cent over the last three decades, from around 300 million tonnes per year in 1990 to around 92 million tonnes.

In the year to June 2020, emissions were 513.4 million tonnes, 3.0 per cent or 16 million tonnes lower than in 2018/19. This is the lowest level since 1998.

The minister said emissions are now 25 per cent lower than forecast when the coalition came into government in 2013.

“When we make commitments, we meet and beat them,” Mr Taylor said.

“We’re rolling out the investment and support for new energy technologies that will see Australia meet and beat its emissions reduction commitments while also cutting energy prices and creating jobs.”

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