The latest report on Australia's national greenhouse gas inventory released today clearly shows Australia is on track to beat its 2020 emissions target.
National emissions were 1.9 per cent below 2000 levels and 11.2 per cent below 2005 levels in the year to March 2018.
Both emissions per capita and the emissions intensity of the economy were at their lowest levels in 28 years in the year to March 2018.
Emissions per capita are now 36 per cent below 1990 levels while the emissions intensity of the economy is 59 per cent lower than 1990.
Over the year to March 2018, in the electricity sector, including the National Electricity Market, emissions fell by 4.3 per cent. The National Electricity Market accounted for 83 per cent of Australia's electricity emissions in the year to March 2018.
That means electricity sector emissions have come down by 13.9 per cent from the peak recorded in the year to March 2009.
Groups across the country are contributing to the national effort to reduce Australia's emissions.
Under the Emissions Reduction Fund, landholders, Indigenous Australians, councils, farmers and industry, are delivering projects that directly contribute to our emissions targets. More than 700 projects are registered under the Fund.
These projects are reducing emissions in the agriculture, manufacturing, energy, mining, oil and gas, transport, vegetation management, waste and waste water sectors. Around 192 million tonnes of abatement have been contracted by the Australian Government, at an average price of $11.97 per tonne.
Download the report from https://www.environment.gov.au/climate-change/climate-science-data/greenhouse-gas-measurement/publications/quarterly-update-australias-national-greenhouse-gas-inventory-march-2018
