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2 clusters · 4 sources · 20 days · First seen · Last updated

Australia climate policy and emissions reduction

Overview

The Australian government is addressing the administrative and structural requirements of its climate commitments. The Treasury has initiated consultations on reforms to reduce the compliance costs of mandatory climate-related financial disclosures. These proposals seek to ease the reporting burden on companies and small-to-medium enterprises by adjusting assurance requirements and clarifying boundaries for Scope 3 data requests.

Parallel to these regulatory discussions, research from Climate Analytics suggests significant structural shifts are necessary to meet global warming targets. The ‘A Fossil-Free Australia’ report recommends phasing out all coal-fired power stations by 2034 and ending new petrol and diesel car sales by 2035. To reach these goals, the report indicates that renewable energy generation must reach 87 per cent by 2030 and nearly 100 per cent by 2050.

Entities

Australia · Australian Treasury

Timeline

  1. 4 days ago

    [TECHNOLOGY] 2 sources
    Australia must phase out coal and petrol cars to meet climate goals, report finds

    A Climate Analytics report states Australia must end coal power by 2034 and phase out new petrol and diesel car sales by 2035 to meet its climate commitments and limit global warming.

  2. 23 days ago

    [BUSINESS] 2 sources
    Australia proposes reforms to reduce climate reporting costs

    Australia is consulting on reforms to reduce climate reporting compliance costs, including potential delays to reasonable assurance requirements and clearer limits on Scope 3 data requests.

Sources

esgnews.com · esgtoday.com · perthnow.com.au · reneweconomy.com.au