Part 1B Emission reduction

Part 1B: inserted, on 14 November 2019, by section 8 of the Climate Change Response (Zero Carbon) Amendment Act 2019 (2019 No 61).

Subpart 1—2050 target

Subpart 1: inserted, on 14 November 2019, by section 8 of the Climate Change Response (Zero Carbon) Amendment Act 2019 (2019 No 61).

5Q Target for 2050

(1)

The target for emissions reduction (the 2050 target) requires that—

(a)

net accounting emissions of greenhouse gases in a calendar year, other than biogenic methane, are zero by the calendar year beginning on 1 January 2050 and for each subsequent calendar year; and

(b)

emissions of biogenic methane in a calendar year—

(i)

are 10% less than 2017 emissions by the calendar year beginning on 1 January 2030; and

(ii)

are 24% to 47% less than 2017 emissions by the calendar year beginning on 1 January 2050 and for each subsequent calendar year.

(2)

The 2050 target will be met if emissions reductions meet or exceed those required by the target.

(3)

In this section, 2017 emissions means the emissions of biogenic methane for the calendar year beginning on 1 January 2017.

Section 5Q: inserted, on 14 November 2019, by section 8 of the Climate Change Response (Zero Carbon) Amendment Act 2019 (2019 No 61).