Carbon Price Must Jump Fivefold to Meet Paris Goals, Warns Modeller

A new climate modelling analysis suggests Australia's carbon credit price must jump fivefold to meet the Paris Agreement's most ambitious target of limiting global warming to 1.5°C.

Evidence For

• Reputex, the firm that designed Labor's Safeguard Mechanism, warns that aligning the scheme with 1.5°C would force a steep increase in compliance costs for manufacturers and resources companies.
• Corporate Australia is scaling back climate ambitions: Woodside Energy...