00:00Talking targets.
00:03Ready to go.
00:04After months of deliberations, the Prime Minister's outlined the Government's goal to reduce pollution.
00:09This is a responsible target, backed by the science, backed by a practical plan to get there.
00:16Accepting the advice of the Independent Climate Change Authority to reduce emissions by 62 to 70 per cent by 2035.
00:25Because we need to be flexible to deal with whatever challenges are thrown at us, we've recommended a target range.
00:32The authority says it won't be easy to meet the target, but suggests Australia must quadruple wind capacity, double rooftop solar,
00:40ensure half of new cars are EVs and end logging of old growth forests.
00:45There will be criticism from some who say it's too high. There's some who will say that it's too low.
00:52We think that this is achievable but difficult.
00:56We really want to make sure that it doesn't come as a cost to farmers.
01:00This target is so appallingly low, it will not keep us safe.
01:03A target over 70 is not achievable.
01:06It is a target that has been very carefully calibrated and is one that is very well compared with like-minded and similar economies.
01:15Canada's target is between 45 to 50 per cent, New Zealand 51 to 55 per cent, UK is about 78 per cent, while the United States doesn't have one.
01:26The government says electricity, transport and industry are the sectors where emissions need to drastically reduce.
01:33As a starting point, promising to spend more than $8 billion to help, including investments in renewables and EV charges.
01:41We need to have investment from the mums and dads, from our community groups and NGOs, as well as from business and governments.
01:48The opposition weighing in despite not having a policy to tackle climate change.
01:53Cost and credibility are key.
01:56The Prime Minister previously made a promise to reduce household power bills by $275 under a plan to boost renewable energy.
02:05Burned by that experience, Anthony Albanese today laughed off a question about how much Australians would save under this target.
02:12Advice given to governments suggests up to $1,000 a year could be saved by 2035, but there's still a lot of uncertainty at the heart of this plan.
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