What do the 2035 climate targets mean for the energy sector: Power Perspectives Episode 3

In this episode of Power Perspectives, KWM’s Energy Partners Rod Smythe, Vishal Ahuja and Shirley Cheng unpack Australia’s newly proposed 2035 climate targets and what they mean for the energy sector. 

Drawing on insights from a recent KWM Energy Insight Series event featuring Matt Kean, Chair of the Climate Change Authority, and Nevenka Codevelle, CEO of ASL, the discussion explores the practical challenges of achieving a 62–70% emissions reduction from 2005 levels and the scale of the transition required to meet those goals. 

Key Topics Discussed

• How Australia’s new 2035 climate targets were set and their implications for energy generation
• The electricity industry’s role in delivering more than half of the required reductions
• The scale of investment and build needed, six-fold growth in storage and tripled solar capacity
• Challenges around transmission, approvals, workforce and social licence
• Financing the transition through policy clarity and government underwriting

Tune in to hear how the energy industry can bridge the gap between policy ambition and delivery and what needs to change to make the 2035 targets achievable