Meeting and beating our international targets.
Australia will beat its 2020 Kyoto target by 411 million tonnes.
We are on track to meet and beat our 2030 Paris target of reducing emissions by 26 – 28%.
On a per capita basis, that’s a reduction of 50 – 52% (on 2005 levels).
This is more than the European Union, Germany, Canada, New Zealand or Japan have committed to over the same period.(1)
Australia’s emissions are coming down.
The most recent update from Australia’s National Greenhouse Gas Inventory shows:
• emissions are lower than 2013, when the Coalition came into government;
• emissions are lower now than any year under the last Labor government; and
• emissions per capita are also at their lowest levels in 29 years, reduced by 41% since 1990.(2)
Emissions are more than 12% lower than in 2005. (This compares to a 2% reduction for Canada and a 4% increase for New Zealand, since 2005).(3)
We are global leaders in renewable energy.
In 2019, Australia’s investment (per capita) in renewable energy was greater than the United States, Japan or the United Kingdom, and more than triple the per capitainvestment of countries like Germany, China, France and Denmark.(4)
Australia has the world’s highest uptake of rooftop solar panels. Nearly one in four Australian homes have solar on their roof.(5)
Snowy 2.0 and Battery of the Nation.
The Morrison Government is investing over $1.4 billion in the largest pumped hydro projects in the southern hemisphere – Snowy 2.0 and Tasmania’s Battery of the Nation and an interconnector.
These will generate enough clean energy to power around one million homes.
Practical emissions reduction projects.
The Government’s $2 billion Climate Solutions Fund supports practical emissions reduction projects, like capturing methane from landfill and storing carbon in forests and soils. This will deliver 100 million more tonnes of emissions reduction by 2030.
Investing in new technology.
The Government continues to invest in the technology that will help reduce emissions.
We’ve already invested $8.9 billion in more than 670 projects, including charging infrastructure for electric vehicles, large-scale solar and the world’s largest battery in South Australia.
The Government is investing more than $500 million to support the development of the hydrogen industry.
Technology will continue to play a key role in reducing emissions. For example:
• solar panel costs have fallen from $350 per megawatt hour in 2009 to around $50 now; and
• we are committed to reducing greenhouse gases in fridges and air conditioners by 85% by 2036.
Helping our neighbours.
Australia is helping Pacific Island countries to address climate change.
This includes $500 million over five years from 2020 to help our Pacific neighbours reduce emissions and build resilience.
Climate science and resilience.
Australia is a world leader in climate science and climate adaptation.
Under the Reef 2050 long term sustainability plan we have committed $1.9 billion to protect the Great Barrier Reef against threats, including from climate change.
The National Environmental Science Program is driving research, including with the Bureau of Meteorology, to improve bushfire risk forecasting and planning.
1 Department of Industry, Science, Energy and Resources, Australia’s 2030 climate change target
2 Department of Industry, Science, Energy and Resources, Quarterly update of Australia’s National Greenhouse Gas Inventory: June 2019
3 UNFCCC National Inventory Reports, 2017 Data.
4 Bloomberg New Energy Finance, Renewable Energy Investment Data
5 Australian PV Institute