Australia’s natural gas exports have helped to reduce global greenhouse gas emissions, with Energy Minister Angus Taylor last week reporting that national emissions were 14.2% below the peak recorded in the year to June 2007 and 11.9% below emissions in 2005.
The ‘December Quarterly Update of Australia’s National Greenhouse Gas Inventory’ reported that in strong growth in Australia’s emissions intensive traded commodities more than accounted for this outcome, including growth in liquefied natural gas (LNG) exports, steel production and aluminium exports.