Climate change is a global issue that requires global action. Australia has a strong track record of contributing to global efforts to address climate change, meeting and beating our emissions reduction targets while maintaining economic growth. Australia’s 2030 target under the Paris Agreement, to reduce emissions by 26 to 28% below 2005 levels, is among the strongest targets of major economies, amounting to a halving of per-person emissions and almost a two-thirds reduction in emissions intensity of economic activity.
Australia exceeded our target for the first Kyoto commitment period and is on track to exceed our 2020 commitment. We have a comprehensive set of policies that take real and practical action, will reduce greenhouse gas emissions, increase energy efficiency and fast-track the development and uptake of clean energy. Our $3.5 billion Climate Solutions Package accounts for every tonne of the 328 million tonnes of abatement required to meet the 2030 target.
The $2 billion Climate Solutions Fund will build on the success of the Emissions Reduction Fund and continue our investment in low-cost abatement. As a world leader in per-person clean energy investment in 2018 we are continuing to support positive economic pathways to reduce emissions.
- reduce emissions by 26 to 28% below 2005 levels by 2030
- continue to grow a strong economy