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Figures to be released to federal parliament show Australia is almost on track to meet its legislated 2030 target for reducing greenhouse gas emissions.The nation’s emissions are projected to be down 42.6 per cent by 2030 under existing government policies, which is a smidgen shy of the legislated target of 43 per cent but better than the 37 per cent projected a year ago.
Australia’s latest figures include the impact of a new vehicle efficiency standard for cheaper-to-run cars, progress towards the 82 per cent renewable energy target, and a revamped safeguard mechanism to control industrial emissions.“We know action on climate change is not only a moral imperative but critical for Australian industries to remain competitive, create jobs in the regions and export clean energy to the world,” Bowen said.
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