An oil refinery is pictured in the southern Sydney suburb of Kurnell, July 16, 2014. REUTERS/Jason Reed
Australia said in December it could beat its target for cutting carbon emissions under the Paris climate agreement by 2030 without counting credits from overachieving on its targets in previous climate pacts, marking a shift in policy for one of the world's biggest emitters per capita. "Families and businesses need affordable, reliable power. That is what reduces prices and creates jobs," Prime Minister Scott Morrison said during a televised briefing while announcing the agreement.
Premier of South Australia Steven Marshall said the deal will also help to deliver the infrastructure needed for electric cars and to generate new revenue for farmers from carbon reductions.
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