Australia Falling Behind on Emissions Targets
Market Intelligence Analysis
AI-PoweredAustralia is falling behind its own carbon emissions reduction targets, with a current projected reduction of 48% by 2035, compared to a planned reduction of 62-70%.
Market impact analysis based on bearish sentiment with 78% confidence.
Article Context
Australia needs to accelerate efforts to reduce carbon dioxide emissions in order to hit its own targets, the country’s Climate Change Authority said today. Currently, Australia’s emissions are falling in line with plans, but these plans envisage a reduction of between 62% and 70% from 2005 levels by 2035. The country is currently on track to achieve a reduction of “just” 48% from 2005 levels, the Climate Change Authority said, as quoted by Reuters. Australia’s efforts to decarbonise have affected the reliability of…
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