Emissions from a spike in land clearing rates, especially in Queensland, will needlessly cost the economy well over $1 billion between now and 2030, a new report by CO2 Australia shows.
Official estimates of how many tonnes of greenhouse gas must be abated to achieve a 5% target are now laughably over-stated, says the ANU's Andrew Macintosh, who also warns Queensland's wind-back of land clearing laws will cause an emissions spike.
Queensland's Parliament has passed legislation to impose landfill levies on industrial, commercial and construction wastes from December 1 and amend existing laws so landholders can participate in the Carbon Farming Initiative.
A bill before Queensland's Parliament introduces landfill levies and a product stewardship regime and fast-tracks new rules for coal seam gas water discharges and land-based carbon projects.