Australia passed a new law on March 30, 2023 that will cap emissions from coal mines and oil refineries. The law, which was passed with the support of the Green party, is the first time that emissions reductions have been written into Australian law.
The law will require coal mines and oil refineries to cut their emissions by 4.9% each year. It will apply to 215 industrial polluters overall and will help Australia achieve its target of net zero emissions by 2050.
The law is a significant step forward for Australia on climate change. It is the first time that the country has taken concrete action to reduce its emissions. The law is also a sign that Australia is moving away from its reliance on fossil fuels and towards a more sustainable future.
The law has been welcomed by environmental groups, who say that it is a necessary step to protect the environment. However, some businesses have expressed concerns about the impact of the law on their profits.
The law is a positive step for Australia, but it is only one step. More needs to be done to reduce the country’s emissions. Australia needs to invest in renewable energy, improve energy efficiency, and transition to a low-carbon economy.