While"there is a short-term benefit"for Australia,relying on credits"will essentially defer Australia's transition and require accelerated emissions abatement in future years",the Authority said.
Richie Merzian,a former Australian climate negotiator,said that"on the use of dodgy Kyoto credits,the message to the Australian government is clear - don't use them and actually reduce your emissions instead".
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The report also noted among developed countries,"Australia is one of the most vulnerable to the impacts of climate change".
However,in order to protect the economy and"the natural systems that support us ... Australia needs to participate in strong global action to reduce emissions,"the Authority said.
It also advocated a trade and investment strategy that identified and made use of"our new competitive advantages in a global net-zero emissions world".
Energy and Emissions Reduction Minister Angus Taylor said Australia would"only use past overachievement to the extent necessary,and unlike some other countries Australia is not proposing to trade or sell past overachievement as international units".