Â Australia reaffirms its ambitious economy-wide target to reduce greenhouse emissions to by 26 - 28% below 2005 levels by 2030, and will exceed it by up to 9 percentage points. Australiaâs emissions projections 2021 demonstrate that we are on track to reduce emissions by up to 35% below 2005 levels by 2030.1 The details of Australiaâs 2030 and 2050 targets and low emissions stretch goals are set out in Tables 1â3, along with the information for clarity, transparency and understanding in accordance with decision 4/CMA.1 (see Table 4). Emissions reduction targets must go hand-in-hand with real outcomes. Australia has a strong track record of setting emissions reduction targets that are both ambitious and achievable, and of holding ourselves accountable for exceeding them.