Religious leaders representing major faiths on the National Council of Churches wrote to Mr Morrison on Friday calling on him to move beyond a 2050 target and commit to a 2030 target to reduce emissions by at least 50% and up to 74%, which is in line with the global action required to achieve the Paris target.
âIt is essential that we act now. For God’s sake, for the sake of creation and for the sake of our neighbors, we must take action that will limit the impacts of climate change, so that all who have made their home on earth can thrive. Said Reverend Sharon Hollis. of the United Church in Australia.
Charlie Prell, president of Farmers for Climate Action, one of the largest representative groups of primary producers in the country, said that a 2050 net zero target was “a big step that I don’t want to diminish in importance”, but he said the Nationals “therefore kicked the box” by dismissing 2030.
“I don’t understand how they say ‘show me the plan’ when they’re in government.”
A report released on Monday by the Asian Investor Group on Climate Change, Ceres and the Investor Group on Climate Change, which represent investors with cumulative assets of $ 46 trillion, called on G20 leaders, including Australia , to set ambitious goals for 2030. He said Australia is among the least attractive countries for green investments, alongside Argentina, India, Indonesia, Mexico, Russia and Saudi Arabia.
Climate change investor group Erwin Jackson said global investors, which Australia relies on for foreign investment, will leave countries without ambitious targets for 2030.
“Institutional investors with a lot of liquidity make judgments about the attractiveness of investments based on macroeconomic policy,” Jackson said.
âInvestors want to put numbers into spreadsheets to determine the weather risks of their investments, but you can’t do it without a goal. “
The Business Council of Australia, which represents big banks, large mining companies and other large corporations, last week called on Australia to increase its emissions reduction target for 2030 to at least 46% and up to 50% below 2005 levels.
The Federal Government is preparing to update its climate policy before the Prime Minister visits Glasgow. It could announce a binding upgrade to its 2030 target, or it could release projections that Australia will achieve higher emissions.
Analysts say the state’s renewables will replace much of the coal-fired power and are expected to result in enough carbon reductions to allow for a 35% target for 2030. But it remains to be seen whether the Coalition would approve the lockdown. of a commitment.
Most rich countries have already pledged to reach net zero by 2050 and have announced deeper reductions for 2030. Other countries’ targets start from different baselines, but all are seen as more difficult than doing so. Australia’s commitment. The United States is committed to a target of 50 to 52 percent by 2030. Japan is aiming for 46 percent, South Korea 40 percent and the United Kingdom 68 percent.