Cut emissions through land management changesFriday 26 May 2017 This week The Australian reported that Australia could meet a 2 degrees Celsius warming target under the Paris agreement at no cost to business using actions that saved money over the long term, as shown by a study by advisory firm RepuTex. Better land management including forestry, environmental plantings and carbon farming could deliver 40 per cent of potential savings. The switch to renewable energy could account for another 30 per cent, RepuTex said.New modelling showed there would be about 600 million tonnes of emissions reductions available across the economy by 2030. This would enable Australia to cut emissions by 45 per cent below 2005 levels compared with the federal government’s target of between 26 and 28 per cent. It would also deliver on the Paris-agreement headline target of keeping warming to 2C. RepuTex said such a cut could be reached by implementing all abatement measures below $20 per tonne of carbon dioxide equivalent (CO2-e) in 2030. But the cost of abatement would be more than offset by financial benefits, the RepuTex modelling showed. The research has been released as the government faces pressure to increase funding for its Direct Action program. A major carbon-focused business lobby, the Climate Market Institute, said an extra AU$200 million a year in federal government funding was needed to support Direct Action land carbon auctions until the program could be expanded to include the private sector. Read the full article here. Source: The News Mill, VAFI |
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