Labor’s renewable target is much more ambitious than it seems. We need the best bang-for-buck policy responses

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Earlier today, Prime Minister Anthony Albanese gave his first major climate change speech, touting Australia’s future as a renewable superpower and promising Labor’s ambitious new renewable target would “unlock $52 billion of private sector investment.”

This follows Labor’s pre-election commitment to cut Australia’s greenhouse gas emissions by 43% below 2005 levels by the end of the decade, while boosting renewable electricity production to 82% of our electricity supply.