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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
New Australian climate change laws take effect
21/9/2022
The Australian Parliament has signed into law the government’s proposed legislation for cutting the country’s CO2 emissions by 43% by 2030 and pursuing a 2050 net zero goal.
The legislation received a positive vote on 13 September 2022, a month after it was passed in the Lower House of Parliament. The Bill was cleared by the Senate with a vote of 37 to 30 and legislates a 43% emissions reduction by 2030 and net zero by 2050. The new carbon emissions goal represents a 15% increase from Australia’s previous 2030 target.
Chris Bowen, the Minister for Climate Change and Energy, commented: ‘The passage of the Climate Change legislation sends a message to the world that Australia is serious about driving down emissions, and serious about reaping the economic opportunities from affordable renewable energy.’
‘Legislating these targets gives certainty to investors and participants in the energy market and will help stabilise our energy system,’ Bowen added.
Under the new law, Australia’s Climate Change Authority, an independent statutory body, will advise the government and state agencies on how to embed the targets in their programmes and objectives.
