Australia’s 2035 emissions target is imminent, with the Prime Minister expected to announce the new target next week, ahead of the UN Climate Summit in New York on 23 September. With lobbying from industry and NGOs now concluded, in this update, we discuss our final target expectations, and the implications for emissions baseline decline rates under the Safeguard Mechanism policy framework.
What is the timeline for the 2035 target?
As noted over our previous updates, the government is preparing to announce Australia’s updated 2035 emissions target and Nationally Determined Contribution (NDC) next week, before the UN Climate Summit in New
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