Australia’s Net-Zero Plan Will Only Cut Emissions by a Third
- Strategy leans on offsets, as-yet-unavailable technology
- Proposals are ‘magical thinking,’ Australia Institute says
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Australia’s bid to reach net-zero emissions by 2050 will only cut the amount of greenhouse gases being produced in the fossil-fuel dependent nation by a third compared with having no plan at all, according to government modeling.
The nation will still be emitting 215 million tons of emissions by 2050 under its new plan, compared with 316 million tons without it and 536 million tons last year, according to details released Friday.