​Australia must phase out coal plants by 2035: report

18.04.16 By
This article is more than 8 years old

Australia should phase out all coal-fired power plants by 2035 and implement realistic carbon pricing to avoid severe economic shocks, according to a new Climate Institute report A Switch in Time.

The Climate Institute commissioned economic modelling of different policy options to reduce electricity emissions, in line with the Paris commitment to limit global warming to 1.5-2°C above pre-industrial levels.

Policies were assessed against a ‘carbon budget’ for the electricity sector – the maximum amount of emissions the sector can emit if Australia is to do its fair share in the global effort to limit global warming.

The report found:

Looking to the future

The report states that the “concept of net zero emissions is gaining traction,” however it also concludes that “existing climate and energy policies provide no prospect of reaching this goal” in Australia.

For Australia to play its part in achieving the Paris Agreement, it’s clear that we must implement a long-term decarbonisation plan now, that will lead to a nearly net-zero energy emission level by 2050.

You can read the full Climate Institute report here or check out our ‘Unburnable Carbon’ report here.

Image credit: Flickr user Michelle Carl licensed under CC BY-ND 2.0