0:00
/
0:00
Transcript

Australia Sets 2035 Climate Target, Sparks Fierce Political Debate Over Economic Trade-offs

Today is September 26 and here is your Inside Auspol

The Mencari readers receive journalism free of financial and political influence.

We set our own news agenda, which is always based on facts rather than billionaire ownership or political pressure.

Despite the financial challenges that our industry faces, we have decided to keep our reporting open to the public because we believe that everyone has the right to know the truth about the events that shape their world.

Thanks to the unwavering support of our readers, we're able to keep the news flowing freely. If you're able, please join us in supporting Mencari.

SUPPORT NOW

Not ready to be paid subscribe, but appreciate the newsletter ? Grab us a beer or snag the exclusive ad spot at the top of next week's newsletter.


Australia has announced an ambitious 2035 climate target to reduce emissions by 62-70% compared to 2005 levels, triggering intense political debate over the economic implications of the nation’s environmental commitments. Prime Minister Anthony Albanese’s government frames the initiative as Australia’s greatest economic opportunity since the Industrial Revolution, while opposition leader Susan Ley questions the administration’s ability to deliver on its promises without imposing unacceptable costs on households and businesses.

The Labor government’s strategy rests on three core arguments supported by Treasury modeling: renewable energy costs less than traditional sources, an orderly transition will generate $2.2 trillion in economic growth by 2050, and private investment rather than government spending will drive the transformation. Climate Change Minister Chris Bowen warns that delaying action would result in lower wages, higher electricity prices, and reduced economic growth. The Business Council estimates the target will attract $400-500 billion in private investment, with government commitments totaling approximately $75 billion.

Opposition critics challenge both the costs and credibility of the government’s projections, pointing to broken promises on electricity bill reductions that were supposed to fall by $275 but instead rose by 39%. Ley argues it’s unrealistic to promise 62-70% emission reductions by 2035 when Australia isn’t meeting its current 2030 target of 43% reduction, with emissions having plateaued at 28% since Labor took office. From the opposite direction, Greens leader Larissa Waters and Independent Senator David Pocock contend the target is insufficient, arguing that climate science demands 75% reductions to limit warming to 1.5 degrees Celsius.

The debate carries significant implications for Australian households, rural communities, and international relationships, particularly with Pacific neighbors experiencing climate impacts. The government’s modeling suggests electricity bills could fall 20% by 2035 and projects new manufacturing jobs in clean energy, while the opposition warns about energy-intensive industries facing competitive pressures. The target aligns Australia with European Union commitments and positions the nation prominently in international climate negotiations, though tensions remain over continued fossil fuel project approvals while setting domestic emission reduction goals.


Leave a comment


Follow us across all major podcasting platforms and social media channels for updates that matter. Your support keeps independent journalism alive!For more in-depth coverage on these stories and other news affecting Australia and the world, subscribe to readmencari.com. Support our independent journalism by listening to our podcasts on all major platforms and considering a subscription to help us continue delivering fearless reporting free from financial and political influence.


Check out more from MENCARI:

becoming a paid subscriber

As well as knowing you’re keeping MENCARI alive, you’ll also get:

  • Get breaking news AS IT HAPPENS - Gain instant access to our real-time coverage and analysis when major stories break, keeping you ahead of the curve

  • Unlock our COMPLETE content library - Enjoy unlimited access to every newsletter, podcast episode, and exclusive archive—all seamlessly available in your favorite podcast apps.

  • Join the conversation that matters - Be part of our vibrant community with full commenting privileges on all content, directly supporting Mencari's

SUPPORT US NOW

Stay with readmencari.com for continuous updates on these developing stories and more from across Australia, New Zealand, and the globe. Subscribe to our newsletter for daily briefings delivered straight to your inbox!

MENCARI - Delivered fearless reporting to you is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.


Got a News Tip?

Contact our editor via Proton Mail encrypted, X Direct Message, LinkedIn, or email. You can securely message him on Signal by using his username, Miko Santos.


🛑 More on Kangaroofern Media Lab


Get more from Mencari News Team in the Substack app
Available for iOS and Android

Discussion about this video

User's avatar