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Australian Climate Change Authority which is under threat of being abolished by the Government says a 5% target is not a credible option for Australia.

15-25% reductions are needed to ease the climate burden beyond 2020. For the Coalition’s $3.2bn Direct Action plan which is designed to barely meet the 5% minimum target, suggestions for increased reductions is probably unwelcome.

http://www.theguardian.com/environment/2013/oct/30/climate-change-abbott-emissions-target