Australia isolated as developed nations cancel carryover credits from Kyoto

Germany, Denmark, the Netherlands, Sweden and Britain have announced they will cancel 634.6m tonnes of emission reduction credits they were technically able to count towards their targets for the second Kyoto period, in a bid to overcome what has been described as a giant “hot air” loophole…Australia, in stark contrast, is banking 128m tonnes of carryover from overshooting its lenient target in the first Kyoto commitment period and using it to be able to claim – as the prime minister, Malcolm Turnbull, did in his speech to the Paris summit – that it is already on track to meet its second pledge…“By cancelling surplus units we hope to send a strong positive signal of support for an ambitious global climate agreement here in Paris,” the European nations said in a joint statement…Unlike most developed countries, Australia was allowed to increase its emissions by 8% by that date(2012)…Most forecasts show Australia’s actual emissions will rise by 2020. The latest analysis by the research firm RepuTex shows they will rise 4% by 2020 compared with 2000 levels, and 6% compared with today.(just an update on our leaders just talking the talk in Paris, no care, no responsibility)

>more> TheGuardian

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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