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Policy report

Prospering in a low-emissions world: an updated climate policy toolkit for Australia

Climate change Climate change adaptation Global environmental change Australia
Description

The impacts of climate change are being felt in Australia and around the world and are projected to intensify. Global action to reduce greenhouse gas emissions will need to accelerate if we are to ensure the safety of our communities, secure our health and wellbeing, and achieve positive outcomes for economic productivity and the natural environment. Many countries are increasing their climate action ambition, adopting net-zero emission targets and deploying long-term climate change strategies.

The necessary global transition to low-carbon emissions and the need for Australia to enhance our preparedness for future climate impacts present challenges but also great opportunities. We are a resource-rich trading nation with abundant clean energy resources. Our prosperity depends on continued access to overseas markets, which will increasingly favour low- and zero-emissions products and services.

The Climate Change Authority (the Authority) views Australian leadership on emissions reduction and climate resilience to be of strategic national interest and therefore recommends that the Australian Government pursue a comprehensive suite of policies that:

  • incorporates new strategies, including the Government’s proposed Technology Investment Roadmap, to optimise the transition of the Australian economy in a world moving to global net-zero emissions, improve our resilience to climate change and make the most of the opportunities that a low-carbon world will present to our economy
  • positions us to meet our 2030 Paris Agreement target using emissions reductions achieved between 2021 and 2030 and to meet the subsequent, more ambitious targets that will necessarily follow
  • supports businesses, governments, communities and families to develop, access and understand the technologies and information they need to reduce their emissions and build their preparedness for a changing climate.
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