Business for 75%: Corporate Carbon Group calls for strong 2035 climate target

Corporate Carbon joins call for +75% target by 2035.

The Australian government will soon decide on its 2035 emissions reduction target guided by the Climate Change Authority’s recommendation of a 65–75% reduction on 2005 levels. With the deadline fast approaching, Corporate Carbon Group has joined a coalition of leading Australian businesses in an open letter urging the government to commit to at least 75% below 2005 levels by 2035.

“As business leaders we want our industries to prosper now and into the future. We share responsibility with government for building a strong, competitive and sustainable economy for Australia,” the letter states. “To do that, we need clear and credible targets for carbon emissions – a +75% target creates the clarity, credibility and confidence business needs to invest in and achieve economic strength.”

A robust target of 75% or higher is not only achievable but also economically smart. According to Deloitte Access Economics, such ambition could deliver an additional 69,000 jobs by 2035 and grow the economy by $370 billion.

By contrast, a weaker emissions reduction target risks leaving Australia behind, vulnerable to carbon tariffs, missed export opportunities, and the escalating costs of climate change.

“A 75% target is the nation’s economic launchpad,” said Gary Wyatt, Managing Director of Corporate Carbon Group. “It provides the certainty to unlock a wave of private investment in modernising our economy, positioning us as a renewable energy superpower and stimulating innovation across all sectors. It also places the country in a strategic position internationally and is consistent with the leadership role the nation is seeking to play by co-hosting COP31 with our Pacific partners.”

He added, “We’re proud to stand alongside others in the business community calling for a strong 2035 target. Together, we’re sending a clear message that decisive action and collaboration are essential to securing future prosperity.”