25 April 2013 — The Federal Government has released its 2012 December quarter official emission accounts showing up-to-date actual emissions over the 2011-12 period.

And The Climate Spectator reports that rather than experiencing the second highest year of emissions growth since detailed records were collected, Australia had a decline in emissions of 4 million tonnes of CO2. And the economy still grew by 3.4 per cent at the same time.

Emissions in 2011-12 were back at the same level they were in 2000. And this lower level of emissions means the government now has an even bigger bank of surplus Kyoto allowances which it can use to offset against its 2020 target.

The Quarterly Update of Australia’s National Greenhouse Gas Inventory December Quarter 2012 is here.