Australia's action on climate change
Australia is fully committed to global cooperation to address climate change and we are taking stronger action on climate change at home and in the region. We have updated our Nationally Determined Contribution under the Paris Agreement and we have a new ambitious 2030 target to reduce greenhouse gas emissions by 43 per cent below 2005 levels, putting us on track to achieve net zero emissions by 2050. This has now be enshrined in domestic law through the Government’s Climate Change Bill 2022.
The Australian Government is implementing a rigorous suite of new polices to drive the transition to net zero, while creating secure jobs for Australian workers and boosting regional economic development. The Australian Government is investing $20 billion in low-cost finance to modernise Australia’s electricity grid, delivering Australia’s first National Electric Vehicle Strategy to accelerate the uptake of electric cars, supporting renewables manufacturing and the development of new clean energy industries, helping communities benefit from solar banks and batteries, and supporting the land and agriculture sector to reduce greenhouse gas emissions. While we work to limit future climate change through our Powering Australia plan, we are also increasing the country’s capacity to adapt to the impacts of the climate crisis.
Climate change is already having significant impacts in Australia and our region. Critical to finding and implementing solutions to climate change is amplifying the voices and perspectives of First Nations Australians and utilising Australia’s world class science. We are also committed to supporting enhanced climate action in our region through increased climate finance and new partnerships in the Pacific and Southeast Asia.