The New South Wales government has announced a commitment to reducing emissions by 70 per cent by 2035, based on 2005 levels, in order to mitigate the negative impacts of climate change.
This ambitious target shows the government’s dedication to tackling the state’s climate change issue.
In addition, Treasurer Matt Kean has indicated that the state is on track to achieve its previous goal of a 50 per cent reduction in emissions by 2030. These efforts demonstrate the government’s commitment to addressing the urgent problem of climate change and working towards a more sustainable future.
However, despite setting a new goal to reduce emissions by 70% by 2035, based on 2005 levels, the New South Wales government has decided to refrain from introducing legislation to cap emissions.
Instead, the state’s treasurer, Matt Kean, believes that existing policies will be sufficient to achieve the current target of reducing emissions by 50 per cent from 2005 levels by 2030.
This approach relies on the effectiveness of current programs and initiatives rather than implementing new, legally-binding regulations on emissions.
Solutions for Climate Australia’s Head of Government Relations Ross Macdonald says today’s announcement reinforces that governments who lead on emissions reduction can reap the benefits for the climate and the economy.
“The path to net zero is paved with opportunities for clean, renewably powered industries and jobs – it’s deeply encouraging to see the New South Wales Government further recognise this through today’s announcement.
“Premier Perrottet, Treasurer Kean and Minister Griffin have demonstrated a continued focus on reducing emissions whilst maintaining the drive for economic growth, future jobs and for regional New South Wales.
“Investment trends have shifted – new markets are emerging in renewables and investors are seeking opportunities which don’t only return a dividend but also accord with their focus on climate action. It would be economically irresponsible for governments to ignore this fact”.
Mr Macdonald says that action on climate change will continue to be a focus as voters cast their ballot at elections.
“As we saw with in this year’s federal election, voters won’t accept weak ambition to tackle climate change.
“Communities right across the nation rightly expect governments and all major parties to take climate change seriously and present credible policy options in response – it’s a question of political viability.
“Today is great news and deserves congratulations but we urge the New South Wales Government to adopt even greater climate policy ambition including through the reduction of fossil fuel developments”, Mr Macdonald said.
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