Australia Is Edging Closer to Meeting Its 2030 Emissions Target
- The figure is an improvement from last year 40% estimate
- Country is still one of the largest exporters of fossil fuels
Wind turbines at the Waubra Wind Farm operated by Acciona SA in Waubra, Victoria, Australia.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
Australia is on track to cut its greenhouse emissions by 42% below 2005 levels by 2030, Climate and Energy Minister Chris Bowen said, citing new projections that will be released formally this week.
That’s less than the Labor government’s 43% reduction target, but still an improvement from last year 40% estimate. The improved outlook comes after Australia ramped up plans to boost spending on renewable energy.