TO help drive the transition to net zero, the Australian Government has set a target to reduce emissions to 62-70 percent below 2005 levels by 2035.
It is a step up on Australia’s 2030 target – to reduce emissions to 43 percent below 2005 levels by 2030.
The government says it represents a “credible contribution to global efforts to keep global warming well below 2°C, and keep 1.5°C within reach”.
The Hunter Jobs Alliance (HJA) has welcomed the federal government’s announcement.
“While HJA had hoped for a more ambitious target, consistent with states like NSW (70 percent), Queensland (75 percent) and Victoria (75–80 percent), the target remains a necessary step to secure jobs, protect livelihoods, and support economic growth,” said HJA coordinator Justin Page.
“Even at this level, adopting a credible emissions reduction target is the sensible path forward.
“It provides investors with the certainty they need to back renewable energy projects that will drive Australia’s ongoing energy transition.
“This target is a good start, but the Government must continue to implement the right policy settings – including programs like the $5 billion Net Zero Fund – to ensure investment keeps flowing.
“These policies will support the creation of sustainable jobs, strengthen local skills, and deliver long-term economic benefits and resilience for regions like the Hunter.”
HJA has consistently called on the federal government to stay the course on climate policy and support continued progress.
“We need a strong, stable, and clear path to Net Zero to encourage the investment that will underpin our continued transformation,” Mr Page said.
“Failing to invest now comes at a cost: higher energy prices, fewer jobs, and falling investment in our communities.
“More extreme weather events will also cause greater disruption for farmers and businesses.
“By adopting a credible emissions reduction target and backing it with strong policy measures, the Government can protect livelihoods, create new jobs, and support economic security for regional communities across Australia.”