In August, the Parliamentary Commissioner for the Environment released a
report on the Emissions Trading Scheme and carbon forestry.
It argued that, even if carbon prices in the ETS dropped to zero, gross emissions in transport and non-transport energy would decline considerably between now and 2050. Its commissioned modelling suggests, without any changes in policy, the country’s net emissions will reach net zero before 2040, but with risk of emissions rising again from the mid-2050s.
In the grand scheme of things, it sounds like a win.
Read more on
Newsroom.