Australia`s plan to use Kyoto transfer credits to meet the Paris targets has long been controversial. The government says that because emissions have fallen more than Australia promised under the Kyoto Protocol, they should be allowed to transfer these “credits” to the Paris Agreement. Yet legal experts and other governments have suggested that there is no basis for applying them to the Paris Agreement, which is a separate agreement. “We believe that the proposed use of these `Kyoto credits` to achieve the goals of the Paris Agreement is unfounded within the meaning of international law,” the letter reads. Not only did he say Australia was not on track to meet its Paris commitments, but those commitments were inadequate and in line with catastrophic 3 degrees warming. U.S. President-elect Joe Biden has also pledged to achieve net-zero emissions by 2050 and bring the United States back to the Paris Agreement. The use of former Kyoto loans “sends a message to the world that Australia wants to reserve the right to avoid a significant part of the mitigation efforts needed to meet its 2030 target under the Paris Agreement,” the letter said. The president of the Academy of Technology and Engineering (ATSE), Professor Hugh Bradlow, said the Academy had analysed Australia`s emissions trajectory and that, although Australia had technically met its Kyoto Protocol targets, it was not on track to meet future Paris Agreement targets.
Australia`s plan to use Kyoto-era carbon credits to meet its commitments under the Paris Agreement is contrary to international law, legal experts warn. The federal government recently announced funding for the Snowy 2.0 hydroelectric program, which will serve as a large battery to power the grid when renewables don`t produce enough electricity. The government disagrees and insists it is on track to achieve the Paris goal “in the hinterland.” The agreement does not set a deadline for signatories to achieve net-zero greenhouse gas emissions, except that it will take place before the end of the century. According to our analysis, Australia needs to take additional steps to meet its 2030 target, even with the expected emission reductions due to the COVID-19 pandemic. .