Nation’s climate action capital sets world-leading environmental targets

Nation’s climate action capital sets world-leading environmental targets

The ACT has set a nation-leading target to achieve zero net greenhouse gas emissions by 2045, bringing forward the previous target of 2050 by five years.

The new target will lead the nation, and stands among the world’s most progressive jurisdictions in the Territory’s commitment to delivering real climate action.

The ACT has set a nation-leading target to achieve zero net greenhouse gas emissions by 2045, bringing forward the previous target of 2050 by five years.

The new target will lead the nation, and stands among the world’s most progressive jurisdictions in the Territory’s commitment to delivering real climate action.

Legislation will be introduced into the ACT Legislative Assembly to formalise both interim and final targets to reach the 2045 target:

  • 40% below 1990 levels by 2020 (on track to   achieve this)
  • 50-60% below 1990 levels by 2025
  • 65-75% below 1990 levels by 2030
  • 90-95% below 1990 levels by 2040
  • net zero emissions by 2045 (previously 2050).

Expert economic modelling examining the costs of meeting the new targets to 2030 shows the ACT can meet the 65% target at a cost of about $32 per tonne of abatement, which equates to about $5.8 million in 2030. The modelling shows that the emission reduction plan could even be cost neutral because of the cost savings and co-benefits that emission reduction policies achieve.

The new targets have been set following extensive consultation with the Canberra community over recent months as part of developing the ACT’s next climate strategy. They send a clear signal to industry and business so they can plan their investments accordingly and capitalise on the opportunities that being a leader and early adopter provides.

For more information on the net zero emission targets, see Your Say.

For more information on the emissions modelling, see the report.