General
Scott Morrison flags backdown on Kyoto climate change carry-over credits
Prime Minister Scott Morrison has signalled he may reverse one of the most controversial aspects of the Federal Government’s climate change policy: using Kyoto “carry-over” credits to help meet Paris agreement emissions reduction targets.
Key points:
- Australia’s target is to cut emissions by 26 to 28 per cent based on 2005 levels
- The use of carry-over credits is not banned but few other countries are using them
- The Greens want Australia to commit to not using the credit “loophole”
In an address to a private dinner hosted the Business Council of Australia, Mr Morrison said it was his ambition to “not need them” and this was a “goal” for the Federal Government.
“I’ve … said we will only use that carryover … to the extent that it is…
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