By Alasdair Pal
SYDNEY (Reuters) – Australia on Thursday set its 2035 emissions target at a reduction of 62-70% from 2005 levels.
“We are not the biggest polluter or the biggest economy but our commitment to action on climate change matters,” Australia Prime Minister Anthony Albanese said in a statement.
“It matters to our neighbours, it matters for our economy and it matters for the country that we pass on to our children.”
The government also announced A$5 billion ($3.32 billion) in funding to help industrial facilities decarbonise, as well as A$2 billion for the country’s Clean Energy Finance Corporation to continue to drive downward pressure on electricity prices.
($1 = 1.5058 Australian dollars)
(Reporting by Alasdair Pal in Sydney; Editing by Kim Coghill)
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