Labor commits to net zero emissions by 2050

Opposition Leader, Anthony Albanese, has announced that a Labor Government will adopt the carbon neutral target of zero net emissions by the year 2050, and will “never use Kyoto carryover credits” to achieve its target.

Speaking in Melbourne, Mr Albanese said that such a target should be as non-controversial in Australia as it is in most nations.

“To keep the planet safe, we have to achieve less than 2 degrees of global warming – and as close as possible to 1.5 degrees. To do that, the world must achieve net zero carbon emissions by the year 2050.”

“All states and territories in Australia have already promised to operate in a carbon neutral way by 2050. The Business Council of Australia is calling for it. AGL, Santos, BHP, Amcor, BP, Wesfarmers, Telstra and others all agree. 73 countries, including the UK, Canada, France and Germany, many with conservative governments, have already adopted it as their goal. Australia should too.

Mr Albanese quoted Ross Garnaut, economist and author of the recently published book, 'Super-Power: Australia's low carbon opportunity', who argues that Australia has “the most to gain economically from being part of the global transformation to a zero-emissions economy.”

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