Why it’s important: Transport is the worst performing sector on emissions alongside heavy industry
Context: Every sector needs to cut its emissions for Australia to hit net-zero targets
What’s next: The new standards must be finalised this year to start on 1 January 2025
Arguments by car makers and industry lobbyists against the rapid introduction of first world fuel standards have been dismissed by influential think tank The Grattan Institute, which says they are critical for Australia to meet its 2050 net-zero emissions goal and will raise prices “by about only 1 per cent”.
The Albanese government last month unveiled a proposal for each car maker to reduce its average fleet emissions across passenger and light commercial vehicles by 61 per cent and 62 per cent from next year to 2030, from benchmarks in line with US standards set more than a decade ago.
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Ben Potter was a senior writer at The Australian Financial Review.
