Explainer on Australia’s emissions reduction targets


Alan Kohler gave an excellent explainer (video below) on Australia’s legislated emissions reduction targets, and the difficulty in meeting them.

Australia has two targets that it must meet:

  1. 43% below 2005 levels by 2030; and
  2. Net zero by 2050.

These targets mean Australia now has an emission budget: the total of carbon dioxide and methane that we can emit between now and then to meet those targets.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.