Australia’s new climate pledge aims to cut emissions 62-70% by 2035 compared to 2005 levels. This target sits between our current 43% by 2030 goal and the promised net zero by 2050. The government’s target is lower than the 65-75% range recommended by the Climate Change Authority, which based its advice on modelling of pathways and Australia’s carbon budget. Key funding includes a $2 billion allocation to the Clean Energy Finance Corporation and programs such as the Battery Breakthrough Initiative and Hydrogen Headstart administered by ARENA. Prime Minister Albanese described the target as hitting “the sweet spot” between ambition and … Continue reading PM Albanese Calls 62-70% Climate Target ‘Sweet Spot’ While Greens Label It ‘Betrayal of Science’