Anthony Albanese commits Labor to emissions reduction target of 43% by 2030

Anthony Albanese will set an emissions reduction target of 43% by 2030 and boost the share of renewables in the national electricity market to 82% if Labor wins the coming federal election.

Ahead of the Cop26 summit in Glasgow, the Business Council of Australia urged the Morrison government to overhaul the existing safeguard mechanism, including reducing baselines to drive an orderly transition to net zero by 2050. The government rejected that proposal, but Labor has adopted it as a core component of its policy.

The Morrison government limbered up for another scare campaign on the higher 2030 target before the policy was unveiled.

The Climate Council welcomed the target but urged Labor to strengthen ambition.