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Posted 2 years ago | 2 minute read

Australia passes Climate Change Bill
The Commonwealth Parliament has passed the Climate Change Bill 2022, officially legislating Australia’s commitment to reduce greenhouse gas emissions. The Bill, which was introduced to the House of Representatives on 27 July 2022, in the first parliamentary week of the Albanese Government, and has now passed both houses of parliament with support from the Greens and crossbench senators.
The Bill legislates Australia’s greenhouse gas (GHG) emissions reduction targets, being a 43% reduction from 2005 GHG levels and net zero by 2050; and requires the Minister to prepare and table an annual climate change statement based on advice given by the Climate Change Authority (CCA).
Australia’s emissions reduction target was one of the key policy issues in the May 2022 election. The Albanese Government acted to update Australia’s nationally determined contribution (NDC) under the Paris Agreement on 16 June 2022, notifying the United Nations Framework Convention on Climate Change of Australia’s new commitment to reduce GHG emissions by 43% below 2005 levels by 2030.
The Bill is not a detailed plan to address economic or industrial opportunities in the race to net zero. It does not include a mechanism to cut emissions from electricity, industry, transport, or agriculture. However, the government has indicated that it is separately working on a range of policies and programs to drive emissions reductions.
GridBeyond Sales Director Lisa Balk said:
“Passing this Bill is an important symbol of Australia’s commitment to addressing climate change and achieving net zero. While it has been hailed as an end to the climate wars, there will no doubt be future debate around how these emissions targets will be reached.
“The good news is that businesses across Australia can support these targets by looking at their energy strategy. GridBeyond has developed a unique AI-powered platform that is accelerating the transition to a net-zero energy sector. Using machine learning technology GridBeyond enables I&C businesses to participate in a wide range of programmes for enhanced energy automation, insights and benchmarks, savings, revenues and sustainability.”

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