MELBOURNE: Australia\u0027s election has brought in a wave of Greens and independents pushing for aggressive targets to cut carbon emissions, who will pressure the incoming Labor government to step up its climate plans if it wants to pass any legislation. The country\u0027s biggest polluters in mining, oil and gas a
MELBOURNE: Australia's election has brought in a wave of Greens and independents pushing for aggressive targets to cut carbon emissions, who will pressure the incoming Labor government to step up its climate plans if it wants to pass any legislation.
Albanese has said Labor would maintain its target of cutting carbon emissions 43 per cent from 2005 levels by 2030, already much tougher than the outgoing conservative government's Paris target of a cut of up to 28 per cent. The Greens want to achieve net zero by 2035 rather than 2050, stop new coal and gas infrastructure being built, and end coal-fired generation by 2030.
Two days ahead of the election, a senior Labor politician heaped praise on the gas industry for building megaprojects that generate massive exports, forecast to reap A$70 billion this year. That mechanism sets a baseline of allowable emissions on the 215 big mining, energy and materials companies that emit more than 100,000 tonnes a year of carbon dioxide equivalent.
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