Climate change is a long-standing issue in Australia, which is becoming more prominent with an apparent change in seasons, increase in sea levels and rising average temperature.
Recognising the security threats posed by climate change, policymakers have been pulling out all the stops to transition the country towards a lower emissions future.
Australia has pledged to cut its carbon emissions by 26%-28% by 2030. On the contrary, the United States aims to halve its greenhouse gas emissions by 2030. Besides, other major nations have vowed deeper reductions to carbon emission targets to tackle climate change.
Amid growing pressure to set more ambitious carbon emission targets, the Australian Prime Minister recently said that the country would achieve its net-zero target "as soon as possible". Let us browse through the key steps taken by the Australian government towards achieving its objective of reducing greenhouse gas emissions: Australia Boosts Spending on Clean Energy Projects The Australian government has recently proposed to spend an extra AUD 565.8 million on hydrogen and carbon sequestration projects to burnish Canberra's commitment to reducing carbon emissions.
The government’s new commitment is expected to create up to 2,500 jobs while reducing the nation’s greenhouse gas emissions. The newest package is structured around co-funding international technology partnerships, generating AUD 3 to AUD 5 of investment for every dollar put in. With this huge investment, a range of new international technology partnerships is set to make low emissions technologies affordable and foster investment in Australia-based projects that produce jobs.