Australia is a major exporter of natural gas
Australia set to pass climate bill
New Labor government wins support from Greens for bill to reach net-zero emissions by 2050
Australia’s newly elected Labor government looks set to pass a bill setting emissions reduction targets for 2030 and 2050 into law after the Greens said they would support the legislation. The bill requires Australia to reduce emissions by 43pc from 2005 levels by 2030 and to reach net-zero emissions by 2050—in line with the nation’s Nationally Determined Contributions (NDCs) to the Paris Agreement. It requires the government to deliver annual statements on progress towards these targets and gives climate watchdog the Climate Change Authority (CCA) powers to advise the government on how to reach the targets and set future emissions reduction goals to be included in Australia’s NDCs. The bill
Also in this section
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
2 June 2025
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
