Australia announces higher emissions cuts by 2035
10 News First · Just In
10 News First
Just In
The federal government has unveiled Australia's emissions reduction target for 2035, and announced billions in extra funding to help the nation reach the goal while at the same time boosting the economy by trillions of dollars.
Breakdown
- The government announced a 2035 target to cut emissions by 62% to 70%. 14s
- $8 billion in funding is committed, mainly for renewables and decarbonisation. 29s
- Treasury modelling predicts a $2.2 trillion economic boost by 2050 if targets are met. 48s
- Critics argue the targets are unrealistic and current efforts are lacking. 56s
- The Coalition is undecided on keeping the net zero by 2050 goal. 1m 46s