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“BOWEN: “... it is more important than ever to invest in renewable energy sources, and that’s exactly what our government will do.”

Australian government vows to slash greenhouse gas emissions




Australian government vows to slash greenhouse gas emissions

17/06/2022

(See translation in Arabic section)

Prime Minister Anthony Albanese and the Minister for Climate Change and Energy Chris Bowen have pledged to reduce the nation’s greenhouse gas emissions by 43 per cent below 2005 levels by 2030, putting Australia on track to achieve net zero emissions by 2050.

The government will seek to enshrine these targets in legislation, providing the certainty industry and investors have been seeking.

“When Parliament resumes, we will move quickly to enshrine Australia’s 2030 and 2050 targets in legislation, providing the certainty industry and investors have been seeking,” Mr Albanese said.

“The new target reflects my government’s resolve to urgently step up the pace of action and work alongside global partners and particularly with our Pacific family, to tackle the climate crisis and keep 1.5 Celsius within reach.

“Our Powering Australia plan will support the transition to renewable energy, including investing in the transmission and storage needed to balance the grid.”

Mr Bowen said the plan would support the transition to renewable energy by investing in the transmission and storage needed to balance the grid, which will lower energy prices and support economic growth.

He also said the environmental initiative would create more than 604,000 jobs, with five out of six new jobs to be created in the regions, and spur $76 billion in investments.

“The government will be working in collaboration with states and territories, industry, community groups and the Australian people to drive down emissions while ensuring secure, affordable energy supplies,” Mr Bowen said.

“The current crisis in the east coast energy market, highlights how the nation needs a long-term plan and that it is more important than ever to invest in renewable energy sources, and that’s exactly what our government will do.”

The government’s policy plans will include $20 billion investment in Australia’s electricity grid to accelerate the decarbonisation of the grid and an additional $300 million to deliver community batteries and solar banks.

Other policy highlights include a further $100 million to train 10,000 apprentices in new energy jobs and a doubling of the existing investment in electric vehicle charging and establish hydrogen refueling infrastructure to $500 million.




 














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