PLEA Network

14 November 219, Renew Economy, Australia set to lie with some strange bedfellows at Madrid climate talks. Australia is likely to find itself relying on some unlikely alliances at the next round of international climate talks to be held in Madrid next month, as the Morrison government faces opposition from a large portion of the international community on the carryover of surplus Kyoto units. As part of the plan to meet Australia’s 26 to 28 per cent emissions reduction goal by 2030, the Morrison government is relying on being able to carry over credit from its 2020 Kyoto Protocol target into the Paris Agreement, to shortcut the amount of greenhouse emissions reductions it will need to achieve. International cooperation on climate change is at a crucial transition point with the previous Kyoto Protocol treaty, which has been in effect since 2008, coming to an end in 2020 when the Paris Agreement comes into force, effectively replacing the Kyoto Protocol. A key area of contention for the COP25 talks in Madrid will be negotiations around the rules for emissions accounting and international cooperation. Read more here