Policy Overview

Kyoto carry-over credits are a carbon accounting measure by which nations count historical emissions reductions that exceeded previous international goals towards its current targets. The use of Kyoto carry-over credits to meet national greenhouse gas emissions targets is contentious as they undermine climate ambition by allowing targets to be met with "emissions reductions" that have already happened. At COP25 in 2019, it was reported that Australia was the only country in the world explicitly planning to use Kyoto carry-over credits. Climate Analytics find there is no legal basis for the use of carry-over credits under the Kyoto Protocol or the Paris Agreement.

InfluenceMap Query

Support of UN Climate Process

Policy Status

Under Consideration: Government has not definitely ruled out the use of Kyoto credits as of yet

Evidence Profile

0126172

Key

opposing not supporting mixed/unclear
supporting strongly supporting

Policy Engagement Overview

  • Of all the climate lobbying tracked between 2019-2020, around half corresponded to advocacy in favor of the use of Kyoto-carry-over credits, which would weaken the government’s ambition for 2030 emissions reductions
  • This advocacy was led primarily by industry associations, including Australian Industry Greenhouse Network and Minerals Council of Australia
  • Overall, there has been more lobbying in favor of not using the Kyoto credits, including from Origin Energy.
  • In 2019, BHP and Business Council of Australia both advocated for the use of Kyoto carry-over credits but appeared to change their policy position in 2020 and have since lobbied against their use.

Impacts on Policy Ambition

From 2015 to 2020, the Australian Government consistently supported the use of Kyoto credits to meet its 2030 federal emission reduction target of 26 to 28 per cent under the Paris Agreement. In December 2020, Australia appeared to soften in its support for the use of Kyoto credits, after Prime Minister Scott Morrison stated that he was “very confident” that Australia would not need to use Kyoto carry-over credits to meet its 2030 emissions targets. However, Australia's emissions projections are based on its Technology Investment Roadmap, which relies heavily on the scale-up of low-emission technologies. Australia has not definitively ruled out the use of Kyoto carry-over credits.

InfluenceMap Query

Support of UN Climate Process

Policy Status

Under Consideration: Government has not definitely ruled out the use of Kyoto credits as of yet

Evidence Profile

0126172

Key

opposing not supporting mixed/unclear
supporting strongly supporting

Entities Engaged on Policy

The table below lists the entities tracked by InfluenceMap which have publicly engaged with the policy. InfluenceMap tracks around 300 companies and 150 industry associations globally. Each entity links back to the entities’ full InfluenceMap profile, where the evidence of its policy engagement can be found.

Influencemap Performance BandOrganizationEngagement Intensity
C+AGL Australia39UtilitiesOceania
DAlcoa14Metals & MiningNorth America
C-Ampol Limited (formerly Caltex Australia)10EnergyOceania
D+Anglo American23Metals & MiningEurope
BApple30Information TechnologyNorth America
CAustralia and New Zealand Banking Group11FinancialsOceania
D-Banpu10EnergyOceania
D+BHP38Metals & MiningOceania
C-Bluescope Steel35Metals & MiningOceania
D+Boral Limited8Metals & MiningOceania
CBP61EnergyEurope
D-Chevron49EnergyNorth America
C-CLP Holdings (EnergyAustralia)19UtilitiesAsia
D+Coles Group3Consumer StaplesOceania
C+Commonwealth Bank of Australia7FinancialsOceania
D-ConocoPhillips38EnergyNorth America
DExxonMobil52EnergyNorth America
C-Fortescue Metals Group29Metals & MiningOceania
D-Glencore International31Metals & MiningEurope
CInsurance Australia Group7FinancialsOceania
C-Lendlease5Construction MaterialsOceania
CMacquarie Group20FinancialsOceania
D+Mitsubishi Corporation22IndustrialsAsia
B-National Australia Bank12FinancialsOceania
D+Orica17IndustrialsOceania
C-Origin Energy44EnergyOceania
FPeabody19Metals & MiningNorth America
C-Qantas Airways13TransportationOceania
D+Rio Tinto Group39Metals & MiningEurope
CShell64EnergyEurope
DSantos23EnergyOceania
N/ASingapore Telecommunications Limited (Singtel)3TelecommunicationsAsia
D+South3215Metals & MiningOceania
CSuncorp8FinancialsOceania
FSunset Power International (Delta Electricity)15UtilitiesOceania
CTelstra9TelecommunicationsOceania
D+Virgin Australia7TransportationOceania
DViva Energy12EnergyOceania
C-Wesfarmers14RetailingOceania
C+Westpac Banking Corporation15FinancialsOceania
E-Whitehaven Coal21Metals & MiningOceania
D-Woodside40EnergyOceania
CWoolworths Ltd10Consumer StaplesOceania
E+Yancoal14Metals & MiningOceania
DToyota Motor39AutomobilesAsia
N/AAMP5FinancialsOceania
CHolcim48Construction MaterialsEurope
N/AMetcash2Consumer StaplesOceania
DBeach Energy10EnergyNorth America
D-Newcrest Mining6MaterialsOceania
D+InterGen6EnergyEurope
C-Snowy Hydro12EnergyOceania
DTamboran Resources13EnergyOceania
D+Senex Energy11EnergyOceania
CAustralian Industry Group (Ai Group)56All SectorsOceania
C-Business Council of Australia53All SectorsOceania
E+Australian Chamber of Commerce & Industry20All SectorsOceania
D+Australian Industry Greenhouse Network25EnergyOceania
DEnergy Users Association of Australia25EnergyOceania
A-Energy Efficiency Council27EnergyOceania
CAustralian Energy Council43EnergyOceania
A-Clean Energy Council39EnergyOceania
D-Minerals Council of Australia (MCA)49Metals & MiningOceania
ENSW Minerals Council32Metals & MiningOceania
EQueensland Resources Council (QRC)22Metals & MiningOceania
D-Chamber of Minerals and Energy of Western Australia (CME)27Metals & MiningOceania
E+Australian Petroleum Production & Exploration Association (APPEA)43EnergyOceania
DAustralian Pipelines and Gas Association18EnergyOceania
BCarbon Market Institute45All SectorsOceania
C-Gas Energy Australia19EnergyOceania
CEnergy Networks Australia16EnergyOceania
DSouth Australian Chamber of Mines and Energy20Metals & MiningOceania
E+Association of Mining and Exploration Companies24Metals & MiningOceania
E+Australian Institute of Petroleum10EnergyOceania
N/AAustralian Steel Institute4All SectorsOceania
D+Federal Chamber of Automotive Industries (FCAI)24AutomobilesOceania
BElectric Vehicle Council25AutomobilesOceania