What to expect in Morrison government’s new climate and energy policy?

October 13, 2021 07:36 PM AEDT | By Manisha
 What to expect in Morrison government’s new climate and energy policy?
Image source: © Skypixel | Megapixl.com

Highlights

  • The Australian government led by Prime Minister Scott Morrison has been addressing climate change to prevent catastrophic global warming.
  • In the upcoming climate policy, the federal government is expected to commit to net-zero emissions by 2050.
  • The Australian government needs to boost investment in innovation and adoption of low-emission technology to achieve the target.

The Australian government led by Prime Minister Scott Morrison has been addressing climate change to live up to its promise to prevent catastrophic global warming. The government has been taking steps directed towards ensuring energy security and affordability in the country. However, the approaching elections have put Morrison and his government in question over their efforts.

Interestingly, climate policy has always been a polarising and highly political issue in the country.

Now, the Australian government is set to release its new climate and energy policy amid the growing poll pressure. It would be interesting to see how the Morrison-led government will propose to deal with the global menace of global warming in the forthcoming policy.

Path travelled so far against climate change

To achieve the bigger goal of combating climate change, the Australian government has been investing time, effort and money in numerous initiatives and projects to reduce carbon emissions.

Australia's climate policy amid growing political pressure

Image source: © 79286249188 | Megapixl.com

In recent years, more attention has been paid to develop and coordinate low-emission technology policies and regulations.

The government is aiming to support businesses and industries that innovate and adopt smarter practices and technologies. The dedicated departments are working to regulate and report on greenhouse gas emissions.  

On the global front, Australia is advancing its move to make new international partnerships for low-emission technology research and demonstration projects. Also, the government is closely working with the Department of Foreign Affairs and Trade to fulfil Australia’s obligations under the Paris Agreement.

ALSO READ: Do you know EU & China’s plan to cut greenhouse emissions?

Highly anticipated climate policy in the offing!

Australia's net zero CO2 emissions target by 2050

Image source: © Taskomacic | Megapixl.com

Considering the varied aspects of climate change, it is expected that the federal government will commit to achieve net-zero emissions by 2050. The upcoming energy plan or the climate policy must focus on achieving the target in the next three decades with a gradual shift to low-emission technology.

Australia must not lag behind in fulfilling its role in curbing climate change.

A recently released report by the Business Council of Australia has highlighted that Australia can achieve up to 50% reduction in carbon pollution by 2030 from 2005 levels. The figure is well above the reduction target of 26-28% committed by Australia under the Paris Agreement.

Also, to meet other international climate targets, the Australian government needs to limit greenhouse gas emissions across all the sectors. The measures must be built around the mission to encourage the use of renewable energy.

Interesting read: Four Australian stocks that are future ready on global warming


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.