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Climate Central writer Michael D. Lemonick has channeled his inner McKayla Maroney in saying that the emissions reduction leaves him unimpressed.
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Australia also talked-up its Direct Action climate policy – a measure that asks taxpapers to pay for emissions reductions and leaves fossil fuel companies unaffected.
By contrast, standards can target only certain identified emission reduction measures, leaving other cost-effective opportunities untapped.
That left an emissions reduction gap of some 1097 GtC between promised reductions and the 903 GtC required to prevent temperature increase exceeding the policy goal of 2°C".
With $1.9bn left in the emissions reduction fund, the government could only meet a further reduction of 135m if the price stays at $13.95 per tonne.
There's a strong case for green research subsidies, but green industrial policy is as likely to frustrate emissions reduction efforts as it is to complement them.That still leaves those millions of unemployed Americans.
It says a 5% target leaves Australia "lagging behind" other countries, and sticking to the low target would leave Australia facing a near-impossible emissions reduction task after 2020.
The prime minister has also defended the government's emissions reduction fund – a key plank of the "direct action" policies he previously criticised - but has left the door open to policy changes when the "safeguards" mechanism is reviewed in 2017.
Australia's carbon price has been repealed, leaving the nation with no legislated policy to achieve even the minimum 5% greenhouse emissions reduction target it has inscribed in international agreements.
But nothing on emissions reduction targets.
"Clean energy is essential to meet our emissions reduction targets".
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CEO of Professional Science Editing for Scientists @ prosciediting.com