Bloomberg News

Australia Proposes 0.5% Kyoto Emissions Cut Through 2020

November 26, 2012

Australia proposed to cut its emissions by 0.5 percent compared with 1990 levels in the eight years through 2020 as it seeks to join extended targets under the Kyoto Protocol.

The nation’s target was contingent on continued progress of international negotiations toward “serious commitments” from developed and developing countries under a global climate protection deal in 2015, according to a statement on the website of United Nations Framework Convention on Climate Change.

Australia’s proposed cut is less ambitious than the minimum 20 percent reduction planned by the European Union and at least 40 percent sought for richer nations by some developing countries including China and India. Nations are meeting in Doha for two weeks from today to continue negotiations over a global climate treaty that would take effect from 2020. Developed countries in the 1997 Kyoto Protocol must cut their greenhouse- gas discharges by an average of about 5 percent from 1990 levels over the period from 2008 through 2012.

“Australia’s announcement today to reduce 0.5 percent since 1990 under obligations of the Kyoto Protocol is not acceptable,” said Martin Kaiser, head of international climate politics for Greenpeace, the environmental lobby group. “We call on them to go up to a 25 percent reduction target,” he said today at a news briefing at climate talks in Doha, Qatar.

Australia’s net cumulative emissions from 2013 to 2020 are now projected to be around 14 percent, or 750 million metric tons of carbon dioxide equivalent, lower than they would have been without its carbon price and its Carbon Farming Initiative program, according to the nation’s statement.

To contact the reporters on this story: Mathew Carr in London at m.carr@bloomberg.net; Kim Chipman in Washington at kchipman@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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