What Are The National Greenhouse Accounts For Australia?

Australia’s National Greenhouse Accounts (NGA) Factors is a website that provides detailed greenhouse gas emissions data since 1990 and projections of Australia’s future emissions. The National Greenhouse Accounts and National Greenhouse Gas Inventory contribute to the UNFCCC information and guide and track Australia’s efforts to reduce greenhouse gas emissions. Australia first communicated its Nationally Determined Contribution (NDC) under the Paris Agreement in 2015, committing to an ambitious economy-wide target to reduce emissions. The land sector contributes about 25 percent of total human-induced or anthropogenic greenhouse gas emissions to the annual national inventory through the National Greenhouse Emissions Information System (AGEIS).

The National Greenhouse Accounts Factors provide emission factors and methods that help companies and individuals estimate greenhouse gas emissions. The Department of Climate Change uses the Australian Greenhouse Emissions Information System (AGEIS) to determine emissions. Current products generated as part of the National Inventory include cloud-free mosaiced dry season Landsat satellite images and forest extent.

The National Greenhouse and Energy Reporting (NGER) Scheme is a single national framework for reporting company information. Australia also publishes a set of factors called the National Greenhouse Accounts (NGA) Factors, drawing on the NGER methods and factors. Scope 3 emissions are not reportable under NGER, but the National Greenhouse Accounts Factors can be used to estimate these emissions.

What is the green national accounting?

Environmental accounting, also referred to as “green accounting,” entails modifying the System of National Accounts (SNA) to account for the utilization or depletion of natural resources. This encompasses the utilisation of text and data mining, artificial intelligence (AI) training, and analogous technologies. The utilisation of cookies is an integral aspect of this process. Copyright © 2024 Elsevier B. V., its licensors, and contributors.

What is Australian national accounts?

The Australian National Accounts synthesizes micro and macro data to present distributional information on household income, consumption, and wealth.

What is the national carbon accounting system in Australia?

The Full Carbon Accounting Model is a tool used in Australia’s National Greenhouse Gas Accounts to calculate greenhouse gas emissions from the land sector. It is used to produce annual totals for Australia’s National Inventory Reports and emissions data can be found in the National Greenhouse Accounts. The model suggests that vegetation can offset emissions from farming and land clearing, but due to Australia’s large land sector, direct estimation methods like field sampling are impractical.

What is the NGER summary?

The National Greenhouse and Energy Reporting Scheme represents a national framework for companies to report on their greenhouse gas emissions, energy production, and consumption on an annual basis. This framework requires controlling corporations to register and report on these details.

What accounting does Australia use?

The Australian Accounting Standards (AASB) are Australian equivalents to International Financial Reporting Standards (IFRSs). The AASB made modifications to IFRSs, including removing options and adding disclosures. In 2007, the AASB modified Australian Accounting Standards to align with IFRSs for for-profit entities, while retaining some additional disclosures and applying non-IFRS compliant requirements for not-for-profit and public sector entities.

The basis of preparation note to financial statements defines the reporting framework as “Australian Accounting Standards”, ensuring compliance with IFRS. The auditor’s opinion refers to compliance with Australian Accounting Standards, and the audit opinion also notes that the financial statements and notes comply with International Financial Reporting Standards as disclosed in Note xx.

What are Australian national greenhouse accounts?

Australia’s National Greenhouse Accounts comprise comprehensive reports and databases that estimate and account for the country’s greenhouse gas emissions, thereby fulfilling both international and domestic reporting requirements.

What are Australia’s greenhouse targets?

The United States has pledged to reduce its greenhouse gas emissions to 43% below 2005 levels by 2030. This commitment is supported by a multi-year emissions budget for the period between 2021 and 2030, with the ultimate goal of achieving net zero emissions by 2050.

What are the green targets for Australia?

Australia’s laws mandate a 43-percent reduction in greenhouse gas emissions by 2030 and a net-zero emissions target by 2050. The government is working to transform energy systems, targeting 82 renewable energy sources in the electricity grids by 2030. The Australian government is leveraging its strengths in renewable energy and minerals to unlock its renewable energy superpower potential.

What is the national greenhouse strategy in Australia?

The National Greenhouse Strategy (NGS) in Australia aims to limit net greenhouse gas emissions, meet international commitments, and foster knowledge and understanding of greenhouse issues. The primary objective of greenhouse policy is to deliver substantial, real, and timely reductions in emissions. Australia’s abatement challenge is to reduce emissions to 108% of 1990 levels, which is 13% higher than most OECD countries. Australia successfully argued that it faces unique challenges that will make effective climate change abatement difficult and costly.

As a percentage of total emissions by Annex 1 countries, only nine of 34 countries recorded a higher level of CO2 emissions in 1990 than Australia. The average Annex 1 country emissions in 1990 were 1. 9% of total emissions, excluding the United States. Australia is an above-average emitter at 2. 1%. This report highlights Australia’s commitment to achieving its greenhouse gas goals and addressing its unique national circumstances.

What is the biggest contributor to greenhouse gases in Australia?

Australia’s carbon emissions are primarily attributed to energy production, followed by transport, agriculture, and industrial processes. Energy, including burning fossil fuels, accounted for 32. 6% of total emissions. Other sources include stationary energy (22. 3%), transport (21. 1%), agriculture (17. 7%), fugitive emissions (10. 2%), industrial processes (7%), and waste (2. 9%). Land use changes, also known as the ‘Land Use, Land Use Change and Forestry (LULUCF) sector, also contribute to greenhouse gas emissions.

What are Australia’s nationally determined contributions?

Australia presented its initial Nationally Determined Contribution (NDC) to the United Nations Framework Convention on Climate Change (UNFCCC) in 2015. In 2022, it revised its NDC, committing to reducing emissions to 43% below 2005 levels by 2030.