Australia is on track to meet recently beefed-up climate action targets once a raft of new measures, including a A$15bn ($10.20bn) national reconstruction fund, is implemented, the government said on Thursday (December 1).
Australia was for years an international laggard in efforts to prevent climate change but the recently elected Labor government has increased the target to reduce emissions to 43% by 2030, from up to 28% by 2030 after the party won power in May for the first time in almost nine years.
Energy Minister Chris Bowen said the target of a 43% reduction in emissions would be hit once various proposals are implemented, including an electric vehicle strategy and the A$15bn national reconstruction fund currently before parliament.
An inaugural climate change statement tabled by Bowen on Thursday, which did not include those proposed policies, said that emissions were on track for a 40% fall by 2030, slightly below target, assuming a series of reforms and targets still subject to consultation and design are implemented.
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