2024 Annual Report
The Net Zero Commission’s first annual report provides its initial assessment of the progress being made by the NSW Government towards meeting its legislated emissions reduction targets and the adaptation objective.
Type: Annual Report
ISBN: 978-1-923357-00-6
File: PDF 3.78 MB / Pages 75
Name: NZC-2024-Annual_Report.pdf
Key takeaways:
- Total emissions in NSW decreased by 27% between 2005 and 2022, however, excluding the land sector, emissions only decreased by 18% in the same period.
- Significant decarbonisation in the electricity and energy sector will be required to meet the state’s 2030 and 2035 targets.
- All sectors of the economy need to play their part in meeting legislated targets, including all areas of government.
- Potential emission increases associated with extended or expanded coal projects may require other sectors to make greater emissions reductions to meet the state’s emissions target.
- Carbon stored in the land sector has been a large contributor to NSW's progress in reducing its net greenhouse gas emissions. However, there is significant uncertainty on how much carbon the land sector will be able to store in the future, especially with a changing climate.