The Paris Agreement, which was adopted in 2015, outlines a framework for global efforts to address climate change. The Agreement was signed by 195 countries, including the United States, and has been ratified by 189 countries.
One of the key components of the Paris Agreement is the goal of limiting global warming to well below 2 degrees Celsius above pre-industrial levels. This will require significant reductions in greenhouse gas emissions, which are the primary cause of climate change.
The Paris Agreement also includes provisions for countries to regularly review and report on their progress towards meeting their emissions reduction targets. This transparency is crucial in ensuring that countries are held accountable for their commitments to tackling climate change.
The Australian Government has committed to meeting its obligations under the Paris Agreement through its policy on emissions reduction. The policy, known as the Australian Government`s Climate Solution Package, aims to reduce emissions by 26-28% below 2005 levels by 2030.
One of the key measures in the Climate Solution Package is the use of the AGL Loy Yang power station in Victoria to produce hydrogen as a low-emissions fuel. Hydrogen can be used as a fuel for transport, industry and power generation, and produces only water and heat when burned.
AGL, which is one of Australia`s largest energy companies, has committed to investing in the production of hydrogen as a way of reducing emissions. The company is also involved in a number of other initiatives to reduce emissions, including investing in renewable energy and supporting carbon capture and storage.
In conclusion, the Paris Agreement is a crucial framework for global action on climate change. The Australian Government`s commitment to meeting its obligations under the Agreement is an important step in addressing this urgent issue. The use of innovative technologies like hydrogen production by AGL is also essential in reducing emissions and meeting our climate targets. As we look towards a sustainable and prosperous future, it is essential that we continue to work together to tackle the global challenge of climate change.