In its updated Nationally Determined Contribution, Australia is increasing the ambition of its 2030 target, committing to reduce greenhouse gas emissions 43% below 2005 levels by then, according to a statement.
Australia’s new 2030 target is a “significant” increase in ambition, it said: It’s a 15 percentage point increase on the upper end of the previous 2030 target of 26 – 28% below 2005 levels – or half as much again as the previous target.
The announcement happened three weeks after Anthony Albanese was sworn in as the 31st Prime Minister of Australia — and as the country’s power markets are in disarray. Australia has struggled to wean itself off coal and natural gas for power and is lagging on electric-vehicle infrastructure. It’s been mocked by climate activists for years.
The revised 2030 commitment is both a single-year target to reduce emissions 43% below 2005 levels by 2030 and a multi-year emissions budget from 2021-2030.
Australia also reaffirms its target to achieve net zero emissions by 2050.
Both targets are economy-wide emissions reduction commitments, covering
all sectors and gases included in Australia’s national inventory.