Queensland unveils legislation for 75% emissions reduction by 2035
SUMMARY
The legislation will also seek to establish of an expert panel to set a credible pathway to net zero and five yearly targets until 2050, with annual progress reporting to parliament.
By Shardul SharmaPOSTED IN:
The Australian state of Queensland has plans to introduce legislation that will enshrine a new emissions reduction target of 75% below 2005 levels by 2035, it said on December 15.
The legislation will also seek to establish of an expert panel to set a credible pathway to net zero and five yearly targets until 2050, with annual progress reporting to parliament.
The state is already making significant strides in decarbonization, with emissions reductions from 2005 levels already reaching 29%, putting Queensland on track to surpass its 2030 target, the government said.
“By legislating this target, we are making a very clear statement to the world that Queensland is the place to do business if you’re looking to use clean energy to create prosperity,” said premier Steven Miles.
Key initiatives outlined in Queensland's decarbonisation strategy include the implementation of new solar, wind, and pumped hydro renewable energy projects. These initiatives are part of the Queensland Energy and Jobs Plan, which commits to achieving 50% renewable energy by 2030, 70% by 2032, and an ambitious 80% by 2035. The state has also earmarked a A$500mn low emissions investment partnerships program to drive innovation and investment in sustainable practices.
