The Labor Party wants to see a 43% reduction of carbon emissions by 2030, with net zero achieved by 2050. Its ‘Powering Australia’ policy aims to ensure renewables make up 82% of the National Electricity Market by 2030, creating an estimated 600,000 jobs. Labor also has strategies to support the transition of fossil fuel workers to other sectors.
Such steps are crucial: Australia is one of the world’s largest exporters of thermal coal and is among the worst per capita carbon emitters.
However, Labor’s climate policies are not all roses. Albanese has previously said his government will not sign the UN pledge to end coal firepower, for example, and Labor remains committed to coal in at least the short term while the transition to renewables takes place.
At last count, there were 114 new coal and gas projects on the government’s official register, which the new government will now take over, leading to a drastic increase in Australia’s emissions. Its target of 43% emissions reductions by 2030 is also below the expert-recommended level of 50-75%.
This is where the influence of the crossbench – MPs representing neither the coalition nor Labor – will be crucial. The Greens, Australia’s most progressive party on climate action, look likely to increase their current single MP to three or four. Twelve other MPs have also been elected, including many high-profile independents who successfully ran with climate action as their number one promise.
The crossbench will remain influential even if Labor reaches 78 seats. It will push the government to take faster and more significant action on climate change, such as a 60% emissions reduction by 2030, as was backed by many independents.
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