Australia has committed to reducing emissions by 62–70% below 2005 levels by 2035. To stay on track, the rate of reductions must double in the 5 years to 2030 and triple in the decade to 2035.
In the report the Climate Change Authority make 7 recommendations for priority action:
- streamlining approvals for renewable energy projects
- extending the Capacity Investment Scheme to maintain momentum
- installing technologies that keep the electricity grid secure as fossil fuel generators retire
- ensuring regional communities share in the benefits of clean energy projects
- taking a deep look at opportunities to radically reduce fossil methane emissions
- making sure Australians are not locked into living and working in places exposed to dangerous climate risks
- partnering with investors to help communities and businesses build resilience.