Australia’s greenhouse gas emissions reduction targets are at risk of being missed, according to a government report released on Thursday. The country had pledged to cut emissions by 62 to 70 percent by 2035, compared to 2005 levels. However, current policies are only projected to achieve a 48 percent decline in emissions over the same period.

In September, Australia committed to reducing emissions that contribute to global warming, with the goal of achieving a significant decrease by 2035. Climate Change and Energy Minister Chris Bowen acknowledged the gap between the projected emissions reduction and the set target, stating that “while the 2035 target is ambitious and achievable, it is not yet being achieved.” He emphasized the government’s commitment to meeting the target through the implementation and strengthening of existing policy foundations.

The emissions projections do not take into account recent policies, such as the “net zero plan,” which includes investments in low-carbon fuels and cleaner manufacturing. Bowen noted that it is normal for a gap to exist between projections and long-term targets, and that the development and implementation of new policies will help improve the emissions outlook.

The Climate Change Authority, an independent advisory body to the government, warned that Australia is at a “critical juncture” in its transition to a low-emissions future. To stay on track, the authority stated that the rate of reductions must double in the next five years and triple by 2035.

Australia has invested heavily in renewable energy, pouring billions of dollars into solar power, wind turbines, and green manufacturing. The country aims to become a renewable energy superpower, but it also remains one of the world’s largest coal exporters and a major exporter of liquefied natural gas. The government’s ability to balance its fossil fuel exports with its emissions reduction targets will be crucial in achieving its climate goals.

The report highlights the challenges Australia faces in reducing its greenhouse gas emissions, and the need for continued efforts to develop and implement effective policies. As the country moves forward, it will be essential to monitor progress and adjust strategies as needed to ensure that emissions reduction targets are met.