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This is interesting IMO. I was trying to search for how the new Govt was going to reach the new carbon reduction target.
From the article:
Anthony Albanese will set an emissions reduction target of 43% by 2030 and boost the share of renewables in the national electricity market to 82% if Labor wins the coming federal election.
The ALP leader has unveiled Labor’s most electorally risky policy commitment since the 2019 election defeat, declaring a more ambitious target would spur $76bn in investment and reduce average annual household power bills by $275 in 2025 and $378 in 2030.
Guardian Australia revealed on Friday the shadow cabinet had signed off on a 43% target, which is lower than the 45% medium term target Labor promised at the 2019 election, but higher than the Morrison government’s Abbott-era commitment of a 26-28% cut on 2005 levels.
The primary mechanism Labor will use to reduce emissions faster than current projections will be the Coalition’s existing safeguard mechanism. Improvements to that scheme are expected to deliver emissions reductions of 213Mt by 2030.
In electricity, Labor will significantly upgrade transmission infrastructure to hasten the transition to renewables, invest in solar banks and install 400 community batteries. These measures are projected to see renewables make up 82% of power generation in Australia’s national electricity market by 2030, instead of 68% under current projections.
Anthony Albanese commits Labor to emissions reduction target of 43% by 2030
In opposition leader’s most significant policy announcement to date, Albanese also pledges to boost renewables share of grid to 82%
www.theguardian.com
Anthony Albanese will set an emissions reduction target of 43% by 2030 and boost the share of renewables in the national electricity market to 82% if Labor wins the coming federal election.
The ALP leader has unveiled Labor’s most electorally risky policy commitment since the 2019 election defeat, declaring a more ambitious target would spur $76bn in investment and reduce average annual household power bills by $275 in 2025 and $378 in 2030.
Guardian Australia revealed on Friday the shadow cabinet had signed off on a 43% target, which is lower than the 45% medium term target Labor promised at the 2019 election, but higher than the Morrison government’s Abbott-era commitment of a 26-28% cut on 2005 levels.
The primary mechanism Labor will use to reduce emissions faster than current projections will be the Coalition’s existing safeguard mechanism. Improvements to that scheme are expected to deliver emissions reductions of 213Mt by 2030.
In electricity, Labor will significantly upgrade transmission infrastructure to hasten the transition to renewables, invest in solar banks and install 400 community batteries. These measures are projected to see renewables make up 82% of power generation in Australia’s national electricity market by 2030, instead of 68% under current projections.