Australia has announced a plan to cut its carbon emissions by at least 62% compared to 2005 levels over the next decade. This target is a step up from the previously pledged reduction of 43% by 2030 and aligns with recommendations from the Climate Change Authority, a governmental advisory body. Prime Minister Anthony Albanese stated that the new target is based on scientific support and practical technology.
The target is part of Australia’s obligations under the Paris Climate Agreement, which aims to limit global temperature increases to below 1.5°C compared to late 19th-century levels. The urgency of these commitments is highlighted by a recent government-commissioned risk assessment that warns Australia is facing more extreme weather events due to human-induced climate change. The country has already experienced severe droughts, historic bushfires, and record-breaking floods in recent years.
A recent report indicated that Australia has surpassed the 1.5°C warming threshold, presenting risks of heat-related deaths, declining water quality, and rising sea levels that could impact approximately 1.5 million people. The economic implications could include a significant drop in property values, estimated at A$611 billion (approximately $406 billion).
Political reactions to Australia’s climate targets remain mixed. The opposition party, the Liberal National coalition, is reportedly debating its stance on net-zero emissions, with opposition leader Sussan Ley expressing strong disapproval of the new target, questioning its feasibility and credibility. In contrast, the Albanese government, which assumed office in 2022, has sought to elevate Australia’s climate ambitions while also continuing to approve fossil fuel projects, including the recent extension of a major gas project.
Debates continue within the political landscape regarding the pace and nature of Australia’s climate policies, particularly amid calls for accelerated emissions reductions from various parliamentarians, including many independent and Green party members.
Source: https://www.bbc.com/news/articles/cvgn6mvvxm3o?at_medium=RSS&at_campaign=rss