Wednesday, 19th December 2018
Australia Ahead of Emissions Target
The Emissions Projects 2018 Report released this week, shows that emissions from electricity generation in the National Electricity Market (NEM) will fall to 26% below 2005 levels by 2022.
This outcome means that Australia is on track to meet the Paris target eight years ahead of schedule.
Senator Macdonald hailed the outcome and said it showed that this Liberal National Government was able to meet its emissions targets without wreaking havoc on the electricity market and hurting the back pockets of Australians.
“This shows, that even with Labor and the Greens blustering about emissions, it is this Government, a Liberal National Government that is effectively managing our emissions,” Senator Macdonald said.
Much of the decline will be driven by an increase in renewable energy, which will help meet electricity demand as Australia’s economy continues to grow. With $15 billion worth of committed investment, there will be a 250 per cent increase in electricity generated from wind and solar in the NEM by 2021.
“But we still need the base load power that only coal and hydro can provide,” Senator Macdonald said.
“While Australia only accounts for 1.3% of the worlds emissions, having virtually no impact on climate change, we are doing our bit in the world context. Now it is up to the big polluters to follow suit and meet their targets,” Senator Macdonald said.
Senator Macdonald also noted that the 45% target that Labor is pursuing would hit the back pockets of consumers through increased electricity prices.
“People in North Queensland, Northern Australia and the regions, who are doing it tough simply can’t afford a Labor Governments plan on electricity designed to appease the Greens and increase prices,” Senator Macdonald said.
The Government has a sensible and balanced plan to deliver affordable, reliable 24/7 power for Australian families and small businesses, while meeting our emissions reductions targets in the NEM.