Australia

Anthony Albanese submits more ambitious 2030 emissions target to UN

Australia’s new center-left government has submitted new, more ambitious, targets to the United Nations on Thursday, seeking to end a decade of climate change.

Prime Minister Anthony Albanese has raised the country’s 2030 emissions reduction target to 43 per cent, saying it is “preparing Australia for a prosperous future, a cleaner, cheaper energy future”.

Australia’s existing commitments, made under the Paris Agreement, called for a more modest 26-28 per cent reduction in 2005 emissions.
Mr. Albanese sought to frame the decision as an economic advantage: “What businesses are crying out for is certainty of investment,” he said.

Climate action has plagued politics in Australia, a country where fossil fuels are still important for exports and feed the majority of domestic energy production.

More than a decade of political struggles – known locally as the “climate wars” – have seen Australia marked as a climate laggard internationally, in part due to its unwillingness to remove coal by 2030.
In 2022, MIT ranked Australia 52nd out of 76 nations on its Green Future Index, which assesses how many countries are moving towards an environmentally sustainable economy.

During his election campaign, Mr Albanese and his center-left Labor party vowed to “end the climate war” and raise Australia’s emissions targets.

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He said on Thursday that when they spoke to world leaders since taking power “they all welcomed Australia’s changing position” on climate action under the Paris Agreement.
The issue of reducing fossil fuel emissions and exports was a key point in tensions between Australia’s former government and Pacific leaders, which marked climate change as the biggest threat to the region.
Mr Albanese tried to avoid criticism that the higher targets could hurt Australian jobs, saying he wanted to “seize the opportunity to act on climate change”.

He said the new goal would give the business the certainty it needs to “invest over a longer period of time than the three-year political cycle”.

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Even before the announcement, Australia’s fossil fuel industry was in turmoil with many large companies seeking to decarbonise their operations.
On Wednesday, fossil fuel giant BP announced it would take a 40.5 per cent stake in a renewable project in Australia, billed as the largest power station on earth.

Anja-Isabel Dotzenrath, BP’s executive vice president of gas and low carbon energy, said the company believes that “Australia has the potential to be a powerhouse in the global energy transition”.

Anthony Albanese submits more ambitious 2030 emissions target to UN Source link Anthony Albanese submits more ambitious 2030 emissions target to UN

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