Stock market journalist
Daily Stock Markets News

Australian climate policy debate exposes Labor’s bogus emissions targets


The inadequacy and failure of the Australian Labor government’s 2030 carbon emissions reductions targets have been highlighted by Liberal-National Coalition proposals to scrap them, and yet supposedly reach net-zero by 2050 by building nuclear power stations instead.

Labor’s 2022 Climate Change Bill set a target of just a 43 percent reduction (relative to a 2005 baseline) of Australian greenhouse gas emissions by 2030. The legislation was backed by the Greens as well as the Teal independent members of parliament, despite this target bearing no relationship whatsoever to the scientifically required emission cuts necessary to halt rapid climate change and the developing ecological catastrophes.

Australian Minister for the Environment and Water Tanya Plibersek addressing National Press Club in Canberra, July 22, 2022 [Photo: Facebook/Anthony Albanese ]

Estimations by the Climate Council from 2021 suggested that Australia’s contribution to keeping global temperatures below 1.5 degrees Celsius, a critical tipping point for global warming, would necessitate a 75 percent reduction in emissions by 2030.

As the World Socialist Web Site explained in 2022, the bill, “was a fraud from beginning to end. This is not least because it contained no actual mechanisms whatsoever for reducing emissions and did not impose any costs or mandates on the fossil fuel corporations that are responsible for the bulk of Australia’s contribution to climate change.”

Seizing on the reality that even this 2030 target will not be met, the Coalition has now vowed to abandon it. Opposition leader Peter Dutton stated, “there’s no sense signing up to targets you don’t have any prospect of achieving.”

The Labor government has claimed it is on track for the 43 percent target by 2030. But independent climate science experts, such as Dr Gordon Weiss, have disputed this. Weiss authored a paper in March 2024 titled, “Why Australia is not on track to achieve a 43 percent emissions reduction by 2030.”

A vital component of the Labor government’s emissions target is its stated goal to boost renewable energy to 82 percent of the National Electricity Market (NEM)—which provides around 80 percent of Australia’s power—by 2030. But that goal is off track. Weiss’s paper concluded it was “highly unlikely Australia will achieve the 82 percent renewable energy penetration.”



Read More: Australian climate policy debate exposes Labor’s bogus emissions targets

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.