Australian Senate passes Net Zero Economy Authority Bill to drive climate action

The Australian Senate has approved the Net Zero Economy Authority (NZEA) Bill, establishing a standalone statutory authority to oversee the nation’s transition to net zero emissions by 2050. This move is part of Australia’s broader goal to cut emissions by 43% by 2030, based on 2005 levels. The NZEA will coordinate net zero initiatives across government and key stakeholders, ensuring consistent climate policy implementation. The authority aims to boost public and private sector participation in…