Environmental Impact
The environmental impact of transport in Australia is considerable. In 2009, transport emissions made up 15.3% of Australia's total greenhouse gas emissions. Between 1990 and 2009, transport emissions grew by 34.6%, the second-highest growth rate in emissions after stationary energy.
Australia subsidizes fossil fuel energy, keeping prices artificially low and raising greenhouse gas emissions due to the increased use of fossil fuels as a result of the subsidies. The Australian Energy Regulator and state agencies such as the New South Wales' Independent Pricing and Regulatory Tribunal set and regulate electricity prices, thereby lowering production and consumer cost.
Read more about this topic: Transport In Australia
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—Walter Bagehot (1826–1877)