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Speaker 1: Today's biggest news from The Australian. I'm Claire Harvey with

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Speaker 1: the Front's afternoon headlines. Australia's greenhouse gas emissions must have

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Speaker 1: in the next decade to reach the government's big new

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Speaker 1: goal of sixty two to seventy percent reduction on two

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Speaker 1: thousand and five levels by twenty thirty five.

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Speaker 2: This is world's best practice. If we don't act, they'll

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Speaker 2: be lower wages, lower growth, less jobs. It is an

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Speaker 2: Australia's interest to have an orderly transition. That is what

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Speaker 2: we intend to do.

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Speaker 1: Treasure Jim Chalmers says doing nothing or going slow is

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Speaker 1: not an option.

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Speaker 3: Overwhelmingly, the advice from the business community and the investor

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Speaker 3: community is if you want us to invest, you need

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Speaker 3: to tell us where we're headed on the road to net.

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Speaker 1: Zero climate change. Minister Chris Bowen is shooting down critics

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Speaker 1: who say this is not going fast enough.

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Speaker 2: A target over seventy is not achievable, is not You're

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Speaker 2: not going to pretend that some sort of figure over

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Speaker 2: seventy with no evidence, with no modeling, where no advice

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Speaker 2: is achievable, is a sensible ambition for this country.

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Speaker 1: So what does it all mean there's a lot of numbers,

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Speaker 1: but it's basically a waypoint on the giant transition. The

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Speaker 1: government's set a course for It's promised to reach net

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Speaker 1: zero by twenty fifty. That means greenhouse gas emissions are

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Speaker 1: massively reduced by doing things like cutting fossil fuels, and

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Speaker 1: then they're also balanced out by the removal of greenhouse

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Speaker 1: gases through means like growing forests, restoring wetlands, and changing

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Speaker 1: agricultural practices. The idea is that when you balance it

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Speaker 1: all up, there are effectively no greenhouse gases and no

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Speaker 1: more climate change.

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Speaker 2: Twenty fifty is ambitious. We're committed to it. It's going

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Speaker 2: to be hard work, but we believe the country can

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Speaker 2: get it done. And of course we're trying to de

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Speaker 2: carbonize as quickly as we can. But our policy, our

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Speaker 2: target is net zero by twenty five.

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Speaker 1: There's a huge road ahead, though our economy still relies

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Speaker 1: on coal. Gas investment is critical, Renewable power sources can't

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Speaker 1: carry the load yet, and communities are worried about how

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Speaker 1: the transition will change their lives. On Thursday, the PM

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Speaker 1: said label will launch a new five billion dollar net

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Speaker 1: zero fund to help industry decarbonize. There's also forty million

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Speaker 1: to accelerate the rollout of electric vehicle charges, including at

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Speaker 1: the curb side, so drivers who don't have a garage

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Speaker 1: can charge their vehicles.

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Speaker 2: We want Australians when they're think about their next car

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Speaker 2: to not be worried about you know where the charger is,

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Speaker 2: to have that sorted and then they can make their

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Speaker 2: own choices, their own decisions based on what car is

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Speaker 2: good for them.

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Speaker 1: There's much more in the Big New Plan, and tomorrow

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Speaker 1: on the front will be explaining what it all means

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Speaker 1: and all the behind the scenes tactics and maneuvering for Labor,

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Speaker 1: the Opposition and the minor parties will be joined by

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Speaker 1: Police Editor Jeff Chambers. In the meantime, you can check

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Speaker 1: out all our reporting and analysis at the Australian dot

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Speaker 1: com dot au