The professors, all from Australian universities, argued that the Kyoto Protocol and the Paris Agreement were “completely separate treaties.” As such, they stated that the Kyoto appropriations could only be used to achieve the objectives of the Paris Agreement, if this had been decided and agreed by all the contracting parties to the agreement. Under the kyoto Protocol, which is soon to be obsolete, deferral credits have been granted to encourage countries to be as ambitious as possible in reducing pollution. They were not mentioned in the original Paris agreement, but they were added to the text to be negotiated in Madrid, with some countries proposing a ban. “Australia is largely on fire for climate change and I don`t understand why the Australian government is looking for ways to weaken the Paris agreement so that it and others can do less to resolve the climate crisis,” Tong said. In December 2015, the parties to the Un Framework Convention on Climate Change adopted the Paris Agreement: a pioneering agreement to combat climate change and measures to move their economies towards a sustainable, low-carbon future. It says Australia`s attempt to minimize emissions over the next decade was contrary to the objectives and principles of the Paris Agreement and forced countries to take escalating measures reflecting their “highest possible ambitions.” The United States formally withdrew from the Paris climate agreement last week, but Biden promised to re-enter the Paris Pact and commit to a net zero emission level by 2050. It found that the two agreements were separate and should not be considered a continuation of an agreement. Australia`s plan to use an accounting loophole to meet its obligations under the Paris climate agreement has no legal basis and suggests it is committed to further reducing emissions once a comprehensive agreement is reached, a new report says. The climate conference and debate on the text, including the ban on transfer credits, are due to end on Friday. On Wednesday night in Australia, it was not clear whether an agreement would be reached.
Taylor said the Paris agreement “sends a strong signal to the world that countries are serious about fighting climate change.” Australia`s NDC Intended, published by the federal government in August 2015 before the Paris Agreement was adopted, has required Australia to achieve a “macroeconomic target to reduce greenhouse gas emissions by 26-28% from 2005 to 2030 levels.”