New research from carbon analytics firm RepuTex shows Australia’s greenhouse gas emissions are expected to slow during 2013, with emissions to grow by just 0.4 per cent, or 1.3 million tonnes (Mt) from 2012 levels on the back of reduced output from the metals sector and an increase in renewable power generation.
Australia’s emissions are forecast to be more than 10 Mt, or 3 per cent, lower than projected under a business as usual scenario without a carbon price, indicating that the government’s Carbon Price Mechanism (CPM) will play a key role in reducing Australia's carbon footprint.
RepuTex forecasts greenhouse gas emissions across the CPM via the facility level modelling of over 750 of the country’s largest carbon-emitting plants/sites. The research shows emissions growth in 2013 to be driven by the power, energy, and mining sectors – with power emissions forecast to grow 1.2 per cent, but muted by increased renewable and gas generation capacity.
The power sector will remain the largest source of carbon emissions in 2013 – accounting for 59 per cent of all CPM emissions, followed by mining at 17 per cent.