The Australian Government implemented an economy-wide target in 2015 to reduce its greenhouse gas emissions by 26-28% below 2005 levels by 2030, as part of Australia’s Nationally Determined Contribution (NDC) under the Paris Agreement. In 2015, the Climate Change Authority (CCA) recommended a more ambitious 45-63% emissions reduction below 2005 levels by 2030.
GHG Emission Reduction Target
Active: NDC reconfirmed in 2021
GHG Emission Reduction Target
Active: NDC reconfirmed in 2021
There was broad support for Australia’s net zero ‘plan’ that was finally confirmed this week. The countries top fossil fuel association, APPEA, supported the target but also stressed that increased natural gas exploration would be required to achieve it. The government has not updated its NDC’s for 2030 which are considerable lower compared to similar nations, and only the Ai Group and Clean Energy Council stressed the need for the Australian government to set a higher NDC.
In a July 29th Sydney Morning Herald Article, Rio Tinto CEO Jakob Stausholm supported Australia’s target of reducing greenhouse gas emissions by 43% by 2030, stating that it is aligned with Rio Tinto’s strategy. However, in an August 4th Australian Financial Review Article, the company's Australia CEO Kellie Parker said that the Queensland Gladstone coal-fired power station should play a role in the energy transition beyond 2030.
The Business Council of Australia, Ai Group and Australian Energy Council, through their membership to the Australian Climate Roundtable, released a statement urging the Australian government to build on its 2050 target and to raise ambition.
Specifically, they state that achieving the emissions goals set out at the Paris Agreement was vital for the future of Australian prosperity while also advocating for an increase to Australia’s 2030 NDC target as well as federal policy to help achieve net zero emissions, while stressing that failure to do this could harm competitiveness and result in Australia being left behind in a decarbonized world.
The table below lists the entities tracked by InfluenceMap which have publicly engaged with the policy. InfluenceMap tracks around 300 companies and 150 industry associations globally. Each entity links back to the entities’ full InfluenceMap profile, where the evidence of its engagement can be found.
| Influencemap Performance Band | Organization | Engagement Intensity | ||
|---|---|---|---|---|
| C | Bluescope Steel | 40 | Metals & Mining | Oceania |
| C+ | Suncorp | 8 | Financials | Oceania |
| C- | BHP | 45 | Metals & Mining | Oceania |
| C- | Origin Energy | 46 | Energy | Oceania |
| C | BP | 64 | Energy | Europe |
| C- | CLP Holdings (EnergyAustralia) | 22 | Utilities | Asia |
| D | Beach Energy | 13 | Energy | Oceania |
| C- | Snowy Hydro | 15 | Energy | Oceania |
| D+ | Virgin Australia | 17 | Transportation | Oceania |
| D+ | Incitec Pivot | 19 | Chemicals | Oceania |
| C+ | Fortescue Metals Group | 33 | Metals & Mining | Oceania |
| C+ | National Australia Bank | 21 | Financials | Oceania |
| C | Woolworths Ltd | 11 | Consumer Staples | Oceania |
| D | Boral Limited | 12 | Construction Materials | Oceania |
| D- | Glencore International | 33 | Metals & Mining | Europe |
| C- | Ampol Limited (formerly Caltex Australia) | 11 | Energy | Oceania |
| D- | Newcrest Mining | 6 | Metals & Mining | Oceania |
