The Albanese government of Australia has set a new emissions reduction target for 2035, aiming for a 62% to 70% decrease from 2005 levels. This target is seen as a middle-ground approach, designed to balance the demands of environmental advocates and the business sector. To achieve this goal, Australia will need to double its current emissions reduction rate, requiring substantial changes across various sectors, including energy, transport, and heavy industry. The government emphasizes the importance of this target in the context of global climate commitments, particularly the need to limit warming to 1.5C. While the target is not expected to be legislated, it signals a commitment to climate action. Political responses have been polarized, with some opposition leaders dismissing the target and environmental groups calling for more ambitious goals. The government also highlights potential economic benefits from transitioning to renewable energy, including significant savings on energy bills for households.