While Labor’s 2019 Climate Acton Plan has been completely rewritten compared to the plan they took to the 2016 election the target of 45% emissions reductions (from 2005) by 2030 remains the same. I can’t recall whether they espoused zero emissions by 2050, as they do now, I think it may have been 90%. Their overall strategy is, I think, based on six considerations.
Firstly, Labor acknowledges the cost of doing nothing:
- Failure to act on climate change will expose the Australian people and environment to devastating costs for our economy, society, security, health and environment. Experts at the ANU, University of Melbourne and CSIRO estimate failing to keep global warming to below two degrees will eventually cost the average Australian household $14,000 per year.
Secondly, they say:
- Labor accepts the science of climate change and endorses the Paris Agreement to keep global warming well below two degrees Celsius as well as a more qualified commitment around a 1.5 degree threshold.