Offsets crucial for Australia to meet emissions targets

MCA has consistently highlighted the need to minimise the cost of meeting Australia’s international emission reduction target – irrespective of whether it is 26-28 or 45 per cent.

The BAEconomics’ peer-reviewed modelling shows the use of international offsets along with carry-over of earlier Kyoto-period overachievement will significantly reduce the cost of meeting those emissions reduction targets.

Addressing climate change is not easy, particularly for a major energy and resource-intensive country like Australia which needs a diverse future energy mix that balances affordability, reliability and emissions reduction.

This is why a measured response is critical to reducing greenhouse emissions in a way, which does not damage the economy, destroy jobs and hurt Australian businesses and families.

Using credible and verifiable international offsets along with carry-over of emission reductions from the first and second Kyoto commitment periods will be central to Australia implementing a measured response.