
The company releasing the report, Pitt & Sherry, tracks electricity use and emissions in Australia’s National Electricity Market (NEM) and said that emissions are expected to continue to rise as a result of the rollback. In just two months, the increase was the equivalent to an annual increase of 0.8 percent.
The Abbott government has also pushed for more power generation black and brown coal power stations and there has been a drop in renewable energy use. The Abbott government has now commissioned a report recommending the effective repeal of the country’s Renewable Energy Target (RET), a scheme designed to ensure that 20 percent of its electricity would be generated from renewable sources by 2020. This will likely further the increase in non-renewable energy use.
The Abbott repeal removed the tax on carbon emissions for around 300 of the country’s biggest emitters to pay for their CO2 emissions.
Source: Scientific American
