Australia Announces New Emissions Reduction Target for 2030

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Published On: 20 June, 2022

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Australia continues its determination to fight and reduce the adverse effects of climate change with the federal government’s latest decision of updating its emissions reduction target to 43% by 2030.

National representatives have officially informed the changes under the Paris Agreement’s Nationally Determined Contribution (NDC) to Patricia Espinosa – Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC).

Commenting on the new emissions reduction target, The Hon Chris Bowen – Minister for Climate Change and Energy was quoted as saying, “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.”

The federal government has also listed a comprehensive set of policies, some of which include:

  • $20 billion investment in Australia’s electricity grid to accelerate the decarbonisation of the grid.
  • An additional $300 million to deliver community batteries and solar banks across Australia.
  • Up to $3 billion investment in the new National Reconstruction Fund to support renewables manufacturing and low emissions technologies.
  • A further $100 million to train 10,000 New Energy Apprentices in the jobs of the future.
  • $10 million New Energy Skills Program to provide additional training pathways.

The new target has been announced in a bid to cut Australia’s greenhouse gas emissions by 43% to below 2005 levels by the end of this decade, and further allow the nation to reach net zero emissions by 2050.

To read the official announcement, click here: Stronger Action on Climate Change.

If you are business owner and want to commit to reducing Australia’s carbon footprint by investing in renewable energy sources like solar power, click here to know more!

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