Climateworks supports the Climate Change Bill and the Climate Change (Consequential Amendments) Bill.

Legislating targets strengthens the signal to business, investors, trade partners and the community and so increases business confidence. The annual parliamentary statement will provide insight into the success of and focus for policies, spending and programs that enable Australia to meet those greenhouse gas emissions reductions targets.

The bills are a good start in setting up more comprehensive framework climate change legislation to ensure the government acts coherently to meet emissions reduction targets.

As the world strives to meet the Paris climate goals, the processes to be established by the Climate Change bills can be utilised by the Australian Government to continue to lift its ambitions, always striving for further reductions in line with climate goals — and make the most of opportunities for Australia’s economy from the emerging global net zero economy.

Read more: Here’s what you need to know about the Australian Government’s climate change bills