Australia Contributing Generously to Global Carbon Emissions
Despite claims from politicians that Australia’s contribution to global carbon emissions is not that big, the country ranks third in the world in terms of fossil fuel exports by carbon dioxide potential, the Australia Institute think tank said on Monday.
Australia’s fossil fuel exports are only behind Russia and Saudi Arabia by CO2 potential—larger than Iraq, Venezuela, or any member state of the European Union (EU), the think tank said in a new report, Oil Price reported.
“Australia is the largest coal exporter in the world and as per recent reports the largest LNG exporter too,” the Australia Institute said, analyzing data from the most recent estimates of the International Energy Agency datasets for coal, oil and gas production, and exports from all countries.
According to the report, Australia is the world’s third biggest fossil fuel exporter with 7% of all fossil fuel exports. Within the Organization for Economic Co-operation and Development of developed nations, Australia is the largest fossil fuel exporter, with Australian fossil fuel exports making up 20% of the total.
Australia’s fossil fuel exports are higher than those from Indonesia, Canada, Iraq, United Arab Emirates, or Qatar, and nearly four times larger than those from Venezuela or Colombia, according to the think tank.
source: Financial Tribune
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