The Australian Government has released its third Annual Climate Change Statement.
The statement reports progress on the government's climate change and energy initiatives in 2024.
It's showing clear progress towards Australia's climate goals for 2024. Here's what's going on:
- this year, renewable energy is expected to power around 40% of Australia's biggest electricity market
- $22 billion was announced under the Future Made in Australia plan which will support the transition to a net zero economy
- by 2030, emissions are projected to be 42.6% below 2005 levels in the baseline scenario.
Reducing emissions on the path to net zero
Electricity generation is Australia's largest source of emissions, so shifting to renewable electricity is essential. It means we can reduce emissions in other areas, like transport and industry, by switching to electric options.
Transport is the nation's third largest source of emissions. The New Vehicle Efficiency Standard is set to cut emissions from new passenger cars by over 60% by 2030 - and the air will be cleaner and healthier.
The government's also been working with big industries on cutting down their emissions since last year, leading to real progress in 2023-24.
