Net Zero is a charade without China

Australia’s emissions decreased by 3 million tonnes of CO2 over 2023–24, according to the Climate Change Authority’s (CCA) annual progress report, which was a fifth of the 15 million tonnes annually needed to meet the federal government’s target of emissions falling 43% on 2005 levels by 2030.

The CCA declared that more action is required to hasten the deployment of renewable energy sources.

“Australia’s emissions are falling, but progress needs to accelerate”, the CCA annual progress report said.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.