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
30 November 2023
Negative pricing has become more frequent in European energy markets, and GB markets are now experiencing a similar increase
29 November 2023
Preparations underway for inclusion of cement, aluminium and steel producers in world’s largest compliance market by 2030
28 November 2023
European Commission earmarks cross-border projects for funding and fast-tracks carbon management strategy as pressure grows to kickstart CCS sector
27 November 2023
Progress in decarbonisation but significant challenges lie ahead
