This month, the Australian government will release its emissions-reduction target for 2035, likely to be between 65% and 75%. A 70% cut would mean reducing Australia’s emissions from about 440 million tonnes of carbon dioxide equivalent down to 132 million tonnes.
Ahead of its release, a split has emerged over whether achieving rapid cuts to emissions in ten years will be a net cost or benefit to Australia. Last week, Australia’s top business lobby group released a report suggesting A$500 billion of investment would be needed to cut emissions 70% by 2035.
