Chart o’ the day: Not on target
- Date published:
11:01 am, September 20th, 2011 - 74 comments
Categories: ETS -
This graph is from the review of the Emissions Trading Scheme. A few points to note:
- Net emissions rise when the pine forests planted in the 1990s are felled and then fall as the next generation of trees mature are replanted, before starting to rise again with the next round of deforestation beginning in the middle of the century.
- The ETS actually does make a difference, a big one – over half a billion tonnes of CO2 emissions less than without it which equates to tens of billions in savings for the country in carbon credits, not to mention helping to slow climate change.
- But this is the weakened National ETS, with the $100 billion worth of subsidies to polluters by 2050. Remember, National promised to reduce emissions to 50% of current levels by 2050. They won’t even come close.