Australia has one of the highest per capita GHG emissions in the world. Show how Australia compares globally with a graph and table. Clearly state the relevant references.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Australia has one of the highest per capita GHG emissions in the world. Show how Australia compares globally with a graph and table. Clearly state the relevant references. 

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1. Australia has the highest rate of GHG emissions per capita which is around 15.5, for around 10n years, when compared globally.

 

Source: Worldbank

 

Note: The graph and the table and graph of the comparison of Australia's emissions with few other countries are provided in the explanation section.

 

2. The energy sector that accounts for fuels accounts for fuels emissions, transport, and stationary energy(SE) produces most of Australia's GHG emissions.

 

3. Firms pollute due to their day-to-day operations and it is very expensive to adopt pollution control measures for the firms. The firms are less bothered about the cost on the society and are more inclined towards profit-making objectives so they indulge in creating pollution in order to carry out various business activities that generate profit for them.

 

4. Kyoto Protocol(KP) operates to limit GHG emission in the UnitedUnited nations. Paris agreement(PA) aims to reduce global warming all over the world.

 

The difference between KP and PA is that KA operates only in the developed countries while PA operates all over the world, KP has no time frame while PA sets its new commitments every 5 years.

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