Australia has no chance of meeting its new 2035 emissions reduction target unless environmental approval laws are overhauled and quickly, the resources and renewable energy sectors have warned.
Climate Change Authority modelling of the 62-70 per cent cut in emissions announced this week shows the energy grid needs to comprise more than 90 per cent renewables, while significant mining developments are needed to get the critical minerals vital to clean technology.
Both areas are being held back by slow approvals processes.
“There is simply no chance of Australia completing the scale of development required to meet our emissions reduction targets without faster project assessments,” Chamber of Minerals and Energy WA’s policy director Anita Logiudice told The West.
“The global transition t