Australia is one of a long list of countries that need to take drastic action to meet the goals of the Paris Climate Agreement, according to research think tank Climate Analytics.
Bill Hare of Climate Analytics said most countries are not on track to limit warming to 1.5 degrees Celsius.
Climate Analytics partners on a project called the Climate Action Tracker, which monitors the impact of climate policies in 32 countries that produce about 80% of global emissions.
Action Tracker estimates that based on countries’ current policies, temperatures will likely rise by more than 5 degrees Fahrenheit by the end of the century, which could be catastrophic.
According to the Intergovernmental Panel on Climate Change, meeting the Paris goals is still feasible. But Hare said it won’t happen unless countries implement far more ambitious policies on climate.
“The urgency on the policy side is getting more and more acute,” he said.
Australia’s Paris Agreement target is a 26-28% reduction below 2005 levels by 2030.
Under current policies, Hare said Australian emissions are headed for an increase of 8% above 2005 levels by 2030.
Speaking at the UN Climate Change Conference in Chile last month, the Federal Minister for Energy and Emissions Reduction, Angus Taylor, disagreed claiming that Australia is on track to beat its 2030 target and Kyoto targets.
“In Australia an unprecedented wave of low emissions energy investment is underway; last year renewable investment was Australia’s highest on record at $AU14.1 billion,” Taylor said.
“Our long term strategy to reduce emissions is focused on deploying cost effective technologies and we will be releasing a more detailed technology strategy in 2020 which will build on the $3.5 billion Climate Solutions Package announced in early 2019.”