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Climate Solutions Package

The Australian Government is committed to taking action on climate change while growing the economy and keeping energy prices down.

On 25 February 2019, the Australian Government announced the Climate Solutions Package, a $3.5 billion investment to deliver on Australia's 2030 Paris climate commitments. The Government's plan builds on existing policies and success in meeting Australia's Kyoto commitments by:

  • Providing a $2 billion Climate Solutions Fund to reduce greenhouse gases across the economy through the existing Emissions Reduction Fund, giving farmers, small businesses and Indigenous communities the chance to improve the environment and benefit from new revenue opportunities.
  • Securing our energy future for generations to come, through investments in a high-tech expansion of the Snowy Mountains Scheme and a second interconnector, Marinus Link, between Victoria and Tasmania. Snowy 2.0 and the Battery of the Nation will deliver more affordable, reliable power to the National Electricity Market, reducing prices for Australian families and businesses while keeping the lights on.
  • Helping households and businesses improve energy efficiency and lower energy bills.
  • Developing a National Electric Vehicle Strategy to ensure a planned and managed transition to new vehicle technology and infrastructure so all Australians can reap the benefits.
  • Green and clean local environments by supporting local communities.

The Australian Government is committed to taking action on climate change while growing the economy and keeping energy prices down.

Climate change is a global issue that requires a global solution. The Government is committed to Australia playing its part in that global solution to reduce emissions.

Australia beat its first greenhouse gas reduction target under the Kyoto Protocol (2008-2012) by 128 million tonnes of greenhouse gases and is on track to overachieve its second Kyoto Protocol target (2013-2020) by 240 million tonnes.

Australia's 2030 target to reduce emissions by 26 to 28 per cent below 2005 levels is responsible and achievable. This target will see a reduction in the emissions intensity of Australia's economy by two thirds, and emissions per person halve by 2030. This is one of the strongest efforts among G20 countries.

Australia is already making progress. In 2008, official projections showed greenhouse gas emissions would need to be reduced by 3.3 billion tonnes to meet Australia's target. That task has been reduced to 328 million tonnes.

The Government will bridge this gap with direct on-ground action across the economy, including giving farmers, small businesses and Indigenous communities the chance to benefit from new revenue opportunities.

Further information