What is the story about?
What's Happening?
Christiana Figueres, a former UN climate chief, has called on the Australian government to set a greenhouse gas emissions reduction target of at least 75% by 2035. This recommendation is supported by over 350 businesses, suggesting that such a target would be economically beneficial. The Australian government is expected to announce its commitment next month, with formal advice from the Climate Change Authority pending. Figueres argues that a 75% reduction would not be a burden but a pathway to future prosperity, potentially enhancing Australia's chances to host a major UN climate summit. A report commissioned by the Business for 75% group indicates that a 75% reduction could increase national GDP by $370 billion by 2035 compared to current projections.
Why It's Important?
The proposed emissions reduction target is significant as it aligns with global efforts to limit climate change impacts. Achieving a 75% reduction could position Australia as a leader in clean energy and green industry, leveraging its natural resources and skilled labor. Economically, the ambitious target could drive substantial growth, as indicated by the projected GDP increase. Politically, it could enhance Australia's standing in international climate negotiations and strengthen its relationships with Pacific Island countries. The decision could also influence other nations' climate policies, as they observe Australia's commitment to the Paris Agreement goals.
What's Next?
The Australian government is expected to finalize its emissions reduction target before Prime Minister Anthony Albanese attends the UN General Assembly in New York. The decision will be closely watched by other countries, particularly as Australia competes with Turkey to host the Cop31 summit. The government may opt for a target range rather than a single number, as suggested by climate change minister Chris Bowen. The outcome will likely impact Australia's domestic policies and international climate diplomacy.
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