America and China’s flags. Photo courtesy of U.S. Navy Mass Communication Specialist 1st Class N. Ross Taylor/Released, Flickr.
The United States and China have struck a new deal to limit greenhouse gas emissions, with China committing to a cap for the first time and the US planning deeper emissions cuts of up to 28 per cent by 2025. Australia has a target to cut greenhouse gas emissions by five per cent by 2020, based on year 2000 levels, but could cut deeper if the world agrees to an ambitious global deal. Associate Professor Frank Jotzo Director of the Centre for Climate Economics and Policy - ANU Crawford School of Public Policy. "This is a big development with China and the USA both committing to ambitious climate action. The path is clear for a global climate agreement. All countries including Australia will be expected to make significant contributions and to back them up with public policy. It is a big transition but Australia can be prosperous in a low carbon world, and we need to search out the opportunities this provides.
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