On Thursday, the Liberals reversed their commitment to net zero by 2050. While it’s impossible to predict precisely what this decision means for climate action in Australia, the policies and laws already in place suggest momentum will continue.
There’s no question the climate policies of opposition parties matter – especially for investor and business confidence. But understanding the policies and laws already in place helps understand where progress will happen regardless.
Just this year, Australia published a Net Zero Plan, set its 2035 target and published six sector plans that include electricity and energy, transport and agriculture. These set out the frameworks and investments already locked in that are guiding progress towards Australia’s targets.
