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Australia Net zero Emissions Gas
Tom Young
3 August 2022
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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

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Also in this section
RWE raises 2022 renewables spend by 30pc
12 August 2022
German utility targets €5bn investment in renewables but confirms temporary restart of lignite power plants to support winter supply
Orsted optimistic despite rocky Q2
11 August 2022
Net loss on Gazprom contract has eaten into the Danish company’s quarterly profits, but it still expects an increase in full-year earnings amid renewables success
Ipieca launches industry principles
11 August 2022
Global oil and gas association’s eight principles are grouped around four strategic pillars of climate, nature, people and sustainability
Burning developed fossil fuel reserves will exceed 1.5°C carbon budget
10 August 2022
Significant proportion of CO₂ from oil, gas and coal assets either producing or under construction must be left unburned, study says

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