Speaker 1: Today's biggest news from The Australian. I'm Claire Harvey with
Speaker 1: the Front's afternoon headlines. Australia's greenhouse gas emissions must have
Speaker 1: in the next decade to reach the government's big new
Speaker 1: goal of sixty two to seventy percent reduction on two
Speaker 1: thousand and five levels by twenty thirty five.
Speaker 2: This is world's best practice. If we don't act, they'll
Speaker 2: be lower wages, lower growth, less jobs. It is an
Speaker 2: Australia's interest to have an orderly transition. That is what
Speaker 2: we intend to do.
Speaker 1: Treasure Jim Chalmers says doing nothing or going slow is
Speaker 1: not an option.
Speaker 3: Overwhelmingly, the advice from the business community and the investor
Speaker 3: community is if you want us to invest, you need
Speaker 3: to tell us where we're headed on the road to net.
Speaker 1: Zero climate change. Minister Chris Bowen is shooting down critics
Speaker 1: who say this is not going fast enough.
Speaker 2: A target over seventy is not achievable, is not You're
Speaker 2: not going to pretend that some sort of figure over
Speaker 2: seventy with no evidence, with no modeling, where no advice
Speaker 2: is achievable, is a sensible ambition for this country.
Speaker 1: So what does it all mean there's a lot of numbers,
Speaker 1: but it's basically a waypoint on the giant transition. The
Speaker 1: government's set a course for It's promised to reach net
Speaker 1: zero by twenty fifty. That means greenhouse gas emissions are
Speaker 1: massively reduced by doing things like cutting fossil fuels, and
Speaker 1: then they're also balanced out by the removal of greenhouse
Speaker 1: gases through means like growing forests, restoring wetlands, and changing
Speaker 1: agricultural practices. The idea is that when you balance it
Speaker 1: all up, there are effectively no greenhouse gases and no
Speaker 1: more climate change.
Speaker 2: Twenty fifty is ambitious. We're committed to it. It's going
Speaker 2: to be hard work, but we believe the country can
Speaker 2: get it done. And of course we're trying to de
Speaker 2: carbonize as quickly as we can. But our policy, our
Speaker 2: target is net zero by twenty five.
Speaker 1: There's a huge road ahead, though our economy still relies
Speaker 1: on coal. Gas investment is critical, Renewable power sources can't
Speaker 1: carry the load yet, and communities are worried about how
Speaker 1: the transition will change their lives. On Thursday, the PM
Speaker 1: said label will launch a new five billion dollar net
Speaker 1: zero fund to help industry decarbonize. There's also forty million
Speaker 1: to accelerate the rollout of electric vehicle charges, including at
Speaker 1: the curb side, so drivers who don't have a garage
Speaker 1: can charge their vehicles.
Speaker 2: We want Australians when they're think about their next car
Speaker 2: to not be worried about you know where the charger is,
Speaker 2: to have that sorted and then they can make their
Speaker 2: own choices, their own decisions based on what car is
Speaker 2: good for them.
Speaker 1: There's much more in the Big New Plan, and tomorrow
Speaker 1: on the front will be explaining what it all means
Speaker 1: and all the behind the scenes tactics and maneuvering for Labor,
Speaker 1: the Opposition and the minor parties will be joined by
Speaker 1: Police Editor Jeff Chambers. In the meantime, you can check
Speaker 1: out all our reporting and analysis at the Australian dot
Speaker 1: com dot au