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|G'day COP27: Australia's global climate reset||2.66 MB|
Australia will once again be in the spotlight at this year’s United Nations (UN) climate talks in Egypt. After almost a decade of stalled climate policy, the federal government has legislated a new emissions reduction target to cut emissions by 43% by 2030 (from 2005 levels). This brings Australia closer to the rest of the developed world, with most wealthy nations planning to at least halve their emissions by 2030. This policy reset has enabled Australia to start rebuilding relations with key security allies and trading partners, and strengthen ties with Pacific island neighbours.
For too long, successive governments have argued that Australia cannot make a difference in global efforts to tackle the climate crisis. The truth is, as a fossil fuel heavyweight and potential renewables superpower, we have a big role to play in the global energy transition. The UN climate summit in Egypt (known as COP27) is the federal government’s opportunity not only to demonstrate that Australia is back at the negotiating table, but that we’re willing and able to play a serious role in rolling out the solutions we need at the scale and pace that the science demands.