Australia's annual carbon emissions reach record high Read moreHunt implied that baselines would be reduced after 2020 to cut emissions but the Coalition doesn’t talk about that now. The Coalition assumes a flood of international offsets, but Labor’s policy says it would allow only limited use of credits from overseas. Australia has its own carbon offsets market, where credits sell for about $16 a tonne. It is also worth noting that it is highly unlikely Labor would require every industrial site under the safeguard mechanism to cut emissions by 45%. Media reporting often focuses on the cost of climate policy while ignoring the other side of the equation – the cost of doing nothing.

Source: The Guardian April 25, 2019 01:18 UTC