What Will It Take for Australia to Achieve Its New 2035 Climate Target

Treasury’s modelling makes several assumptions in the Australian government’s quest for its 2035 target.

Prime Minister Anthony Albanese (L), Minister for Climate Change Chris Bowen and Treasurer Jim Chalmers speak to media during a press conference in Sydney, Australia on Sept. 18, 2025. AAP Image/Dan Himbrechts

Last week, the Albanese government unveiled its new 2035 climate target for Australia, promising an accelerated overhaul of the country’s energy grid.

The plan still maintains a net zero target by 2050, but includes a new 2035 benchmark to cut emissions by 62-70 percent by 2035.