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Australia’s 2035 emissions target is a critical milestone in our decarbonisation journey. As highlighted below, achieving this target will require bold action and greater prioritisation of climate efforts to bridge the gap between current policy and ambitious goals.

View profile for Kristian Kolding, graphic

Head of Consulting at Oxford Economics Australia

Australia's 2035 emissions target As the year draws to a close we’ve been thinking about ‘what comes next’. Rather than spending more time on the nuclear debate, we've taken a wider view to focus on Australia's 2035 emission reduction target. This target will shape our decarbonisation journey as we progress beyond a green grid and start to meaningfully decarbonise the transport and industrial sectors. That's also why it's so hard to set - and will be even harder to achieve. Emily Dabbs and my analysis suggests that Australia can reduce it's emissions by 50-55% by 2035 if we continue our current policy trajectory. That's well short of the early indications shared by the government targeting 65-75% reductions. There's time for this shortfall to be recovered - but it'll require even greater prioritisation of the climate than what we've seen to date. https://lnkd.in/gmJErpjY

Setting a 2035 emissions target is hard, but achieving it will be much harder

Setting a 2035 emissions target is hard, but achieving it will be much harder

oxfordeconomics.com.au

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