But countries around the world aren’t cutting greenhouse emissions fast enough and it’s almost inevitable that global warming will exceed 1.5 degrees,and only deeper cuts will stop 2 degrees of warming.
Analysis by the Climate Analytics think tank,released this week,found Australia’s emissions reduction plans,formed by the Coalition over the past three years,would fall short of the 1.5-degree target by a “considerable margin”.
The Coalition has ruled out forcing polluters to cut emissions and instead is focused on funding research and development to lower the cost,and drive the take-up,of clean technologies. It has pledged to cut emissions by at least 26 per cent by 2030 and to hit net zero by 2050.
Climate Analytics found if the rest of the world also adopted the Coalition’s targets,the global average temperature rise would exceed 3 degrees.
Labor has committed to cut emissions 43 per cent by 2030 and hit net zero by 2050. It has a plan totighten restrictions on the 215 biggest polluting facilities such as mines and smelters and to pump $20 billion into the electricity grid so it can take more renewable energy.
Despite the plan to tackle industrial pollution,however,Climate Analytics found if the rest of the world followed Labor’s path,global warming would exceed 2 degrees.