In the year to March 2024, 440.2 million tonnes of carbon dioxide equivalent emissions were recorded, 0.6 per cent lower than the year to March 2023.
The results come from the Federal Government’s March 2024 Quarterly Update of Australia’s National Greenhouse Gas Inventory.
Australia’s overall emissions are now estimated to be 28.2 per cent below the year to June 2005. This decrease is expected to continue, with preliminary estimates for the year to June 2024 down 0.9 per cent or 3.8 million tonnes lower than the same period last year.
“The latest inventory shows our Reliable Renewables Plan is working but after a decade of denial and delay we must continue to drive action across all sectors of the economy,” Minister for Climate Change and Energy Chris Bowen said.
“The Albanese Government is embracing the economic opportunities of a net zero economy while making a practical difference to reduce emissions including through a bolstered Safeguard Mechanism and New Vehicle Efficiency Standard.
“Australia is lucky to be one of the sunniest places in the world, with some of the best solar and wind resources – harnessing them will ensure the clean, cheap, reliable and resilient energy system that Australians deserve.”
This report reinforces the outlook from the 2023 emissions projections that Australia is on track to achieve its Paris Agreement target of 43 per cent by 2030.
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