This month, the Albanese government unveiled its 2035 climate targets, which promise to reduce emissions by more than 62% and up to 70% below 2005 levels.
The hundreds of billions of dollars worth of investments required to meet Australia’s emissions reduction targets will drive up Australian energy costs and taxes, resulting in further deindustrialisation as what remains of Australia’s manufacturing industry is sent offshore, ultimately making us poorer.
The targets are also pointless from a climate change perspective, since Australia emits only around 1% of the world’s human-induced carbon emissions, while the three biggest emitters—the USA, China and India—don’t have similarly strict binding targets.
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