Emissions, News

Australia locks in emissions target

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Prime Minister Anthony Albanese and Federal Minister for Climate Change and Energy Chris Bowen recently conveyed Australia’s updated Nationally Determined Contribution (NDC) towards the reduction of greenhouse gas emissions under the Paris Agreement.

Australia has now formalised its pledge to reduce emissions by 43 per cent below 2005 levels by 2030, which will put the country on track to achieve net-zero emissions by 2050.

“The new target reflects my government’s resolve to urgently step up the pace of action and work alongside global partners, and particularly with our Pacific family, to tackle the climate crisis and keep 1.5 degrees within reach,” Albanese said.

The policies to reduce greenhouse gas emissions include:

  • a $20 billion investment in Australia’s electricity grid to accelerate decarbonisation
  • an additional $300 million to deliver community batteries and solar banks
  • a further $100 million to train 10,000 new energy apprentices
  • a $10 million new energy skills program to provide additional training pathways
  • Australia’s first national electric vehicle strategy.

“The Government will be working in collaboration with states and territories, industry, community groups and the Australian people to drive down emissions while ensuring secure, affordable energy supplies,” Bowen said.

Minerals Council of Australia (MCA) chief executive officer Tania Constable welcomed the Federal Government’s desire to keep its election commitment of reducing emissions by 43 per cent, saying industry and government need to work together.

“The MCA supports sensible reform to set Australia on the necessary course of reducing national emissions sustainably over time,” she said. “This is achievable with consultation, collaboration and certainty over target set.

“The MCA and its member companies support the Paris Agreement’s goal of global net-zero emissions by 2050 and is taking rapid action to reduce emissions.

“Companies are investing in renewable energy projects, water management, ore processing improvements and collaborating with equipment providers to develop and deploy zero-emissions technology and developing carbon capture and storage projects in prospective areas like the Surat Basin.”

“It is vital that industry and government work together as we transition to a low-emissions future, ensuring that unintended consequences are avoided and that our economy can stay strong through the adjustment.”

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