
The federal government has announced a long-awaited climate change target for 2035, committing to a reduction in emissions of between 62% and 70% below 2005 levels. Environmentalists claim the target is a failure, while some business groups and the opposition are likely to slam it as economic sabotage.
Setting a range target has two advantages. First, it provides flexibility to respond to whatever unfolds on the environment, technology or political front. Second, it avoids a frustrating political debate fixated on a single, precise future target.