Taylor warns wrong path on emissions will “wreck” economy and says Australia should be proud of climate achievements

Taylor warns wrong path on emissions will “wreck” economy and says Australia should be proud of climate achievements

February 28, 2020. Energy Minister Angus Taylor addresses the Committee for Economic Development of Australia (CEDA) in Sydney, flagging his approach to the Glasgow COP26 summit and outlining some of the details of the government’s emissions strategy, with investment in technology at its core. Mr Taylor says taking the wrong path when it comes to lowering emissions will “wreck” the economy. Mr Taylor continues, saying Australia’s emissions have fallen “yet again” and the country will beat its 2020 targets “by almost a year’s worth of emissions”. “When you step back… Australia has been rapidly decreasing its domestic emissions in the midst of an export boom,” Mr Taylor says. “Those exports are reducing emissions by displacing more emissions intensive fuels overseas.” Mr Taylor continues: “Now, it’s a peculiar feature of the global carbon accounting system that countries that produce a product for another customer country wear the emissions associated with that product… Australia and Australians should be extremely proud of their accomplishments.” (AAP Video/Michael Wade)

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