Berliner Boersenzeitung - Australia unveils 'anti-climactic' new emissions cuts

Under the landmark Paris climate accord, each country must provide a headline figure to the United Nations for cutting heat-trapping emissions by 2035, and a detailed blueprint for getting there.

A leading coal exporter, Australia's pledge has been closely watched given its bid to host next year's UN climate summit alongside Pacific island neighbours threatened by rising seas.

The announcement also comes days after a national climate risk assessment warned rising oceans and flooding caused by climate change would threaten the homes and livelihoods of over a million Australians by 2050.

One prominent climate scientist described the new target as "baffling," given those findings and Australia's bid to host climate talks.

"Australia needs to cut its emissions at a pace associated with a 1.5C compatible emission reduction pathway and that properly aligns with bringing emissions to net zero by 2050 in Australia," said Bill Hare, head of the Climate Analytics research group.

"This requires strong government policy action now."

Climate activists and experts say Australia needs to slash emissions by at least 76 percent from 2005 levels to keep global temperatures from rising over 1.5C higher than pre-industrial levels.

But Prime Minister Anthony Albanese described the goal as a "responsible target backed by the science".

His government said it would fund a new Aus$5 million ($3.3 billion) "Net Zero Plan" to help firms transition to green energy.

It will also help Australians buy more zero emissions vehicles and access clean energy.

The target is "not likely to please anyone," said Jacqueline Peel, a climate specialist at the University of Melbourne Law School.

And given the risks outlined in this week's assessment, "this 'achievable' target feels very anticlimactic," she added.

- 'Apocalyptic scenarios' -

Anote Tong, former president of Pacific nation Kiribati, told AFP Australia's goals were undermined by its reliance on fossil fuel.

"The problem has been (Australia's) high volume of fossil fuel exports and ongoing substantial subsidies to the fossil fuel industry," said Tong, often called the founding father of the Pacific climate movement.

"These recent decisions by the government become more stark in contrast to the recently released Climate Risk Assessment Report which predicts apocalyptic scenarios, even for Australian citizens, if unheeded," he said.

Global emissions have been rising but need to almost halve by the end of the decade to limit global warming to safer levels agreed under the Paris deal.

Australia's previous 2030 commitment was to cut emissions by 43 percent of 2005 levels.

Countries were meant to submit updated targets earlier this year but only 10 of nearly 200 countries required did so on time, according to a UN database tracking the submissions.

Australia has poured billions into solar power, wind turbines and green manufacturing and pledged to make the nation a renewable energy superpower.

But its green ambitions are at odds with its deep entanglement with lucrative fossil fuel industries, and it remains one of the world's biggest coal exporters.

(H.Schneide--BBZ)