Even if Australia raises a climate tax, it won't meet Paris targets: IMF

Australia is in danger of failing to meet its commitments for the Paris agreement, even with a carbon tax to dramatically shift its dependence away from fossil fuels.

Bayswater coal-fired power station in the NSW Hunter Valley region. Source: AAP

 

Even with the rollout of a steep climate tax Australia would fail to meet its Paris emission reduction commitments, the International Monetary Fund has warned.  

The global body is urging ‘urgent policy action’ to guard against the threat posed by climate change but says this action would still see some countries fall short of emissions targets.

The Morrison government has continually defended its response to climate change, saying it is on track to meet its Kyoto and Paris commitments.

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