Australia Sets Bold 70% Emissions Cut Target for 2035
Australia announces ambitious new climate target of 62-70% emissions reduction by 2035, positioning itself among global leaders in climate action while balancing economic and environmental priorities.
Prime Minister Anthony Albanese announces Australia's new emissions reduction target for 2035
In a significant climate policy announcement, Australia has set an ambitious new target to reduce greenhouse gas emissions by 62-70% below 2005 levels by 2035, marking a substantial increase in the nation's climate commitments.
Strengthening Climate Commitments
Prime Minister Anthony Albanese revealed the enhanced target on Thursday, building upon Australia's strategic investments in clean energy infrastructure. The new goal complements existing commitments of a 43% reduction by 2030 and net-zero emissions by 2050.
"This is a responsible target backed by the science, backed by a practical plan to get there and built on proven technology," Albanese stated, emphasizing the government's commitment to environmental protection and economic advancement.
International Alignment and Business Impact
The target aligns with the European Union's consideration of a 63-70% reduction below 1990 levels, positioning Australia among leading nations in climate action. As Australian businesses adapt to new environmental standards, the transition presents both challenges and opportunities.
Key Stakeholder Responses
- Climate Change Authority chair Matt Kean praised the target as showing "higher ambition than most other advanced economies"
- Environmental groups advocate for reductions exceeding 70%
- Business groups express concerns about export impacts
- Major corporations and financial institutions are evaluating their sustainability strategies
Political Debate and Implementation Challenges
The opposition Liberal Party has questioned the target's credibility, while the Greens argue it's insufficient, particularly regarding coal and LNG exports. The Australian Chamber of Commerce and Industry acknowledges the target's ambition while emphasizing the need for energy security and affordability.
Albanese will present the new target at the upcoming United Nations General Assembly, reinforcing Australia's commitment to international climate action and sustainable development.
Jack Thompson
Reporter based in Sydney, Jack covers climate issues, migration policies, and Australia's Indo-Pacific strategy.