Australian Prime Minister, Scott Morrison, has indicated that Australia wants to reach net-zero emissions, preferably by 2050. However, unlike many leaders participating in the Virtual Climate Summit hosted by US President Joe Biden on April 22, 2021, Morrison has not made a formal commitment to a target date.
Australia's emissions target is low compared to many affluent nations—it aims, by 2030, to reach a 26-28% reduction compared to 2005 levels. The UK, on the other hand, aims to cut carbon emissions by 78% by 2035 compared to 1990 levels.
Morrison has instead emphasized the government's support for investments in low emissions technologies. He announced about A$1.0 billion (US$771 million) for emissions-related research and development, with about half going to research on green hydrogen and carbon capture and storage.