Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Oil News: Crude Holds Above 52-Week Moving Average Support as OPEC+ Decision Looms

August 31, 2025

PXGEO Wins Its First Seismic Acquisition Job in Malaysia

August 31, 2025

Tories would maximise North Sea oil and gas extraction, Badenoch to say | Kemi Badenoch

August 31, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Former UN climate chief urges Australia to set ‘prosperity’ target of cutting emissions by 75% by 2035 | Climate crisis
Climate Commitments

Former UN climate chief urges Australia to set ‘prosperity’ target of cutting emissions by 75% by 2035 | Climate crisis

omc_adminBy omc_adminAugust 30, 2025No Comments4 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


A former UN climate chief has urged the Australian government to set a greenhouse gas emissions reduction target of at least a 75% cut by 2035, backing calls from a group of more than 350 businesses that it would be better for the economy than a lower goal.

The intervention by Christiana Figueres, an architect of the 2015 Paris agreement when she was the executive secretary of the UN framework convention on climate change, comes before discussions about Australia’s commitment, due to be announced next month.

Cabinet is yet to receive formal advice from the Climate Change Authority, chaired by the former NSW Liberal treasurer Matt Kean. A decision on the target is expected before Anthony Albanese attends the UN general assembly in New York in late September.

A consultation paper by the authority last year – based on an initial assessment of scientific, economic, technological and social evidence – suggested a 2035 target of between 65% and 75% below 2005 levels “would be ambitious and could be achievable if additional action is taken by governments, business, investors and households”. Since then, the government has been lobbied about what target it should set.

Figueres said setting a target of a 75% or more reduction would be “not a burden”, but instead be “Australia’s ticket into the prosperity of the future”. She suggested the ambitious goal would increase Australia’s chance to win the rights to host a major UN climate summit in Adelaide in November 2026.

Australia continues to vie with Turkey for the right to host the Cop31 summit and it is unclear when that will be resolved under the UN’s consensus decision-making process.

“The new global economy is rising, powered by clean energy and green industry,” Figueres said. Australia can be at its heart, with unrivalled sun and wind, critical minerals and skilled labour ready to lead.

“Prime minister Albanese now has the chance to show the Pacific and the world that Australia is ready to lead at Cop31 and beyond.”

A report last week, commissioned by the Business for 75% group, which is backed by Future Group, Fortescue, Atlassian, Canva, Ikea and Unilever, suggested a 75% reduction target could lead to national GDP being $370bn greater by 2035 compared with current projections. It said the economic benefits of the more ambitious goal would be much greater than under a 65% target.

A separate report to be released on Monday by the research thinktank Climate Analytics suggests Australia should set a reduction target of about 81%, within a range of 76% to 89%, to align with the Paris agreement goal of limiting global heating since preindustrial times to 1.5C.

The Climate Analytics chief executive and senior scientist, Bill Hare, agreed with Figueres that other countries would be watching where Australia landed as they considered the government’s case that it should co-host Cop31 with Pacific Island countries.

Hare said multiple studies had found Australia could “get into the 75% range in terms of what is technically and economically feasible”. He said significant cost-effective emissions cuts were possible in several areas, and the main barriers to action were political.

skip past newsletter promotion

Sign up to Clear Air Australia

Adam Morton brings you incisive analysis about the politics and impact of the climate crisis

Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy. We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply.

after newsletter promotion

Some organisations lobbying the government have focused on an advisory opinion by the international court of justice that found countries had an obligation to take measures consistent with limiting global heating to 1.5C. They have argued it meant Australia should set a target of reaching net zero emissions by 2035 – a goal that many experts say it would not be logistically possible to meet.

Frank Jotzo, the director of the Australian National University’s Centre for Climate and Energy Policy and a government adviser on climate policy, said that even a reduction target in the 60s would be ambitious. He said the government should be ambitious but the policies to drive change were more important than the number.

Jotzo said Australia’s emissions reductions had been slow to date, and reaching a 65% reduction goal would require pollution levels to be halved in a decade. That was possible, he said, but would require substantial policies in areas where emissions have been rising or going sideways – particularly industry, transport and agriculture – and faster reductions than were happening in electricity.

“Whatever target gets adopted should have a path to implementation and should have a good chance of being perceived as possible,” he said.

Jotzo backed a suggestion by the climate change minister, Chris Bowen, that the government may set a target range, rather than a single number.



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Tories would maximise North Sea oil and gas extraction, Badenoch to say | Kemi Badenoch

August 31, 2025

Scientists breathe new life into climate website after shutdown under Trump | Climate crisis

August 30, 2025

Collapse of critical Atlantic current is no longer low likelihood, study finds | Oceans

August 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

SHEIN Partners with Lufthansa Cargo to Scale Use of Sustainable Aviation Fuel

By omc_adminAugust 31, 2025

SHEIN and Lufthansa Cargo signed an MoU to advance sustainable freight solutions, including SAF adoption…

German Court Rules Against Apple’s ‘CO2-Neutral’ Watch Advertising

August 31, 2025

Mexican Avocado Industry Signs First Zero-Deforestation Agreement with Federal Government

August 31, 2025

Guest Post – Redefining the Cost of Clean Power: BlueSun International’s Breakthrough in Energy Transition

August 30, 2025
Top Trending

Tories would maximise North Sea oil and gas extraction, Badenoch to say | Kemi Badenoch

By omc_adminAugust 31, 2025

Former UN climate chief urges Australia to set ‘prosperity’ target of cutting emissions by 75% by 2035 | Climate crisis

By omc_adminAugust 30, 2025

Scientists breathe new life into climate website after shutdown under Trump | Climate crisis

By omc_adminAugust 30, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20259 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

PXGEO Wins Its First Seismic Acquisition Job in Malaysia

August 31, 2025

EQT Offtakes 2 MMtpa for 20 Years from Port Arthur LNG Phase 2

August 30, 2025

Namibia’s Ambition to Become Oil Hotspot Tested by Wildcatter

August 29, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.