ARTICLE · 02 JANUARY 2024

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NSW Legislates Short And Long Term Targets To Achieve Net Zero Emissions By 2050

Herbert Smith Freehills Kramer LLP

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NSW takes action on climate change with legislated 2030 and 2035 targets to achieve net zero emissions by 2050. A new Net Zero Commission will be established by mid-2024 to oversee the State's progress.

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NSW takes action on climate change with legislated 2030 and 2035 targets to achieve net zero emissions by 2050. A new Net Zero Commission will be established by mid-2024 to oversee the State's progress.

Snapshot

On 11 December 2023, the Climate Change (Net Zero Future) Act 2023 commenced. The Act legislates NSW's targets to reduce greenhouse gas emissions (GHG) by 50% by 2030, 70% by 2035, to achieve net zero GHG emissions by 2050, and allows regulations to prescribe interim GHG emissions targets.
An independent body known as the Net Zero Commission (Commission), consisting of commissioners and NSW's Chief Scientist, will be established by mid-2024 to monitor, review and report on NSW's progress towards the targets.

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