URGENT UPDATE: Former UN climate chief Christiana Figueres has just announced a bold call for the Australian government to set an ambitious target of cutting greenhouse gas emissions by at least 75% by 2035. This significant push comes ahead of critical discussions on Australia’s climate commitments, set to be revealed next month.
Figueres, a key architect of the historic 2015 Paris Agreement, emphasizes that such a target would not only enhance the economy but also position Australia as a leader in the global shift towards clean energy. Her comments come as over 350 businesses support the call for a higher emissions reduction goal, asserting that it would lead to greater economic benefits than a lower target.
As negotiations ramp up, the Climate Change Authority—chaired by former NSW Liberal treasurer Matt Kean—is yet to provide formal advice to the Cabinet. A decision on the target is expected before Prime Minister Anthony Albanese attends the UN General Assembly in New York later this month.
A previous consultation paper indicated that a target between 65% and 75% below 2005 levels was “ambitious” yet possible if concerted action is taken by governments, businesses, and households. Figueres argues that adopting a target of 75% or greater would be “Australia’s ticket into the prosperity of the future,” potentially increasing the nation’s chances to host the upcoming COP31 summit in Adelaide in November 2026.
“The new global economy is rising, powered by clean energy and green industry,” Figueres stated. “Australia can be at its heart, with unrivalled sun and wind, critical minerals, and skilled labor ready to lead.”
A report from the Business for 75% group reveals that achieving a 75% reduction target could boost Australia’s GDP by an estimated $370 billion by 2035 compared to current projections. This highlights the potential economic advantages of setting an ambitious target over a lower 65% goal.
Adding to the urgency, a forthcoming report from Climate Analytics suggests that Australia should aim for a reduction of about 81% to align with the Paris Agreement goal of limiting global heating to 1.5°C. Chief Executive Bill Hare agrees with Figueres that the world is watching Australia’s decision closely, particularly as it seeks to co-host COP31 alongside Pacific Island nations.
Hare notes that studies indicate Australia could feasibly reach the 75% range for emissions cuts, provided that political barriers are addressed. Meanwhile, advocacy groups are pressing for a target of net-zero emissions by 2035, a goal many experts deem logistically challenging.
Frank Jotzo, director of the Australian National University’s Centre for Climate and Energy Policy, remarked that even a target in the 60% range would be ambitious and that effective policies to drive change are crucial. He warns that current emissions reductions have been slow, and achieving 65% would require halving pollution levels within the next decade.
With discussions heating up, all eyes are on the Albanese government as it navigates the complexities of climate commitments that could define Australia’s role in the global climate effort.
Stay tuned for the latest updates as this developing story unfolds.
