2026 observation
Under Australia’s Climate Change Act (2022), the Australian government agreed to achieve net zero greenhouse gas emissions as a result of economic activity by 2050, enshrining in statute targets that are consistent with the Paris Agreement under the United Nations Framework Convention on Climate Change. As part of this commitment, Australia legislated a 43% reduction in greenhouse gas emissions below 2005 levels by 2030. Australians are divided on the benefits of achieving net zero. Nearly four in ten (38%) agree with the statement that ‘achieving the net zero target would leave the Australian economy better off’. The same proportion (38%) say it will leave the economy ‘worse off’, while 22% say it will ‘make no difference’.