In a speech on Wednesday, Prime Minister Scott Morrison said Australia will not be proposing new commitments on climate change but reiterated that the country will seek to bring net emissions to zero “as soon as possible.”
Despite the vow, the PM has not committed Australia to any emission reduction targets by 2050. Morrison has already said that Australia will forge its own path towards net-zero, and will not have it “determined by other countries.” Australia has only committed to a 26 percent to 28 percent reduction of emissions, compared to 2005 levels by 2030.
Ahead of the G7 Summit in the UK later this week, Morrison said: “A new global energy economy is rising with profound implications for Australia, as the world deals with climate change. A net-zero energy economy is being crafted by governments, international agencies, and financial markets alike. This is happening and we understand that.”