NSW Passes Climate Change Bill
The NSW Government has passed the Climate Change (Net Zero Future) Bill in both Houses of Parliament. This will pave the way for sustainable action for the environment of New South Wales. Particularly, the Bill will mandate a tangible greenhouse emissions reduction target, thus enshrining these targets into law. Ultimately leading to mandates for businesses to take the initiative to become involved in climate action.
The Climate Change (Net Zero Future) Act will mandate that NSW:
Reduces greenhouse gas emissions by to 50% by 2030 in comparison to 2005 levels
Reduces greenhouse gas emissions by 70% by 2035
Reaches Net Zero by 2050
Creates a Net Zero Commission to monitor, and advise on these targets
Creates principles to guide it on its journey to address climate change
Becomes more climate conscious
Penny Sharpe, the Minister for Climate Change, Energy and the Environment had the following to say:
"NSW Labor has followed through on its commitment to the people of NSW to take serious action on climate change and keep this government and future governments accountable for delivering on emissions reduction targets.
"This Bill provides the framework for New South Wales to embark on the essential journey to net zero emissions and better resilience to climate change.
"Climate change is an environmental challenge, but also poses an economic opportunity. This Bill provides certainty for industry, business, investors and all sectors of the New South Wales economy, and shows them they are not alone in responding to this challenge.
"I welcome the discussion and multi-party support that has led to the passage of this Bill and look forward to accelerating the transition to renewable energy that will deliver cleaner and more affordable energy to households and businesses.
"The passage of this Bill shows Labor can build consensus on what is right for New South Wales and deliver on its key election promises, despite holding minority government."
The legislation will act as an impetus for the rest of Australia, as NSW continues to reduce emissions by 18% since 2005 levels. NSW has set targets for Net Zero emissions and is committed to reforming its aspirational targets.
The Climate Change (Net Zero Future) Bill has yet to be signed by the NSW Governor.
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Sources:
NSW Department of Planning and Environment: https://www.environment.nsw.gov.au/news/climate-change-bill-passes-parliament-with-broad-support#:~:text=The%20Climate%20Change%20