Target Due This Week

Canberra is poised to unveil Australia’s 2035 emissions target, the first major reset since legislating 43% by 2030 and net-zero by 2050. Ministers say the new goal will be “ambitious and achievable.”

Boardroom vs. Climate Lobby

Major business groups warn that a figure above the low-70s could raise costs and dent competitiveness, urging caution on industrial baselines. Climate advocates counter that science and regional diplomacy demand at least 75%, pointing to Pacific partners’ calls for faster phase-downs of fossil approvals.

Investment Signal

Whatever the number, investors want policy clarity on hydrogen, transmission build-out and firming. Analysts say a credible 2035 target, backed by sectoral plans, could unlock billions in grid and storage projects while setting clearer rules for heavy industry.

Stakes for the Region

Australia’s choice matters across Asia’s energy trade. A higher target could accelerate LNG contract reshuffles and spur clean-tech supply chains—shifts that ripple into South Asia, including Bangladesh’s fuel security calculus.