According to the Minister of Climate Change even with one-fifth of Australia's electricity coming from renewable sources by 2020, the nation's GHG emissions are forecasted to be 20% higher than 2000 levels.
The government had proposed a carbon emissions tax starting in 2011 with the objective of reducing Australia's GHG emissions by up to 25% below 2000 levels by 2020, but this was defeated by the Senate.
Australia only contributes 1.5% of world GHG emissions.
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