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Australia Climate Change Paris Agreement

In 2016, Australia signed the Paris Agreement with more than 170 countries, a global agreement to combat climate change by reducing greenhouse gas emissions. Australia`s emissions excluding the land use, land-use change and forestry (LULUCF) sector have increased by 5% since 2014, when the federal government lifted the carbon pricing system. The government intends to achieve its target primarily by using the Kyoto transfer, a measure that a number of other countries have expressly rejected with such transfers. These transfer units account for more than half of the mitigation tasks based on the government`s current forecasts (without taking into account the effects of the pandemic).