AREC Finance’s mission is to contribute to Australia’s plan to reach net zero by 2050 and help navigate an impending energy crisis, through support for companies promoting energy efficiency products.
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Australia is the 14th largest contributor to carbon emissions globally.
On a per capita basis, Australia has the highest CO2 emissions per capita of all OECD countries, at 15.4 tons (2020). New Zealand produces less than half that amount per capita.
While high, 15.4 tons per capita represents progress. In 2007 emissions were 20.5 tons per capita, and have been declining every year since then. 15.4 tons is approximately the level emissions were in Australia in 1988.
Electricity is responsible for about a third of emissions.
The consensus internationally is that, in order to prevent the worst climate damages, global net human-caused emissions of carbon dioxide (CO2) need to fall by about 45 percent from 2010 levels by 2030, reaching net zero around 2050.