Australia's latest emissions target is ambitious but achievable, the climate change minister says, but concedes more work needs to be done to tackle the issue.

The federal government unveiled its 2035 climate target on Thursday, which aims to bring emissions down by between 62 and 70 per cent over the next decade, based on 2005 levels.

The target was accompanied by billions of dollars worth of policy announcements with energy, industry and transport expected to do the heavy lifting.

Climate Change Minister Chris Bowen said Australia was punching above its weight in its bid to reduce the impact of climate change, but further efforts were required beyond the 2035 target.

"There's no doubt there's more to do," he told ABC Radio on Friday.

"We are right up there with the most ambitious co

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