Australia has consistently overestimated its Greenhouse gas forecasts, making the process of reaching climate change targets a remarkably simple piece of cake, according to a report revealed by the Guardian Australia.
“The overstatement of national emissions projections has occurred under successive Coalition and Labor governments, which see little political value in updating “business-as-usual” assumptions, instead preferring to keep baselines high and beat expectations.”
It’s like going on a date, and elaborately insisting on picking up the cheque. No you insist, you might say – only failing to mention that your mate runs the restaurant, and your bill will be all but free. Brownie points for you, with most of your wallet still intact. A slimy win-win.
Reputex’s report claims that the findings will cause eyebrows to be well and truly raised by the international community over Australia’s climate change policy.
“The findings suggest that the international community may be right to question Australia’s emissions ambition should future write-downs be ‘pocketed’ as an accounting benefit, rather than be translated into greater post-2020 ambition.”