According to the Climate Change Authority’s (CCA) annual progress report, Australia’s CO2 emissions fell by 3 million tonnes between 2023 and 2024, accounting for one-fifth of the 15 million tonnes required annually to meet the federal government’s target of 43% reduction in emissions from 2005 by 2030.
The CCA stated that further effort is required to speed up the adoption of renewable energy sources.
Meanwhile, closing cheap, reliable baseload power has seen Australian energy costs soar. This has contributed to the structural decline in Australia’s manufacturing sector, effectively transferring Australia’s manufacturing capacity and emissions to China.
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