Victoria’s Climate Change Strategy

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• Earliest net zero emissions target of any major jurisdiction in Australia
• First jurisdiction in Australia to set a 2035 target
• Nation-leading minimum energy standards for renters (one-third of Victorians)
• Reduced emissions intensity 50% faster than the national average since 2014
• Brought back the SEC with a $1 billion initial investment
• First Gas Substitution Roadmap in the nation
• Biggest energy storage targets in the nation by 2035

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Victoria is playing its part in limiting global temperature increase to 1.5°C

2035 targets

• Finland: Net zero
• Scotland: 80%
• Victoria: 75-80%
• United Kingdom: 78%
• Queensland: 75%
• New South Wales: 70%
• Australia: 62-70%
• Japan: 59%
• New Zealand: 51-55%
• Canada: 45-50%

Countries producing over 80% of global greenhouse gas emissions have pledged to reach net zero.

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The bar chart shows emissions per person halved from 2005 (24.58 tonnes CO₂-e) to 2003 (12.35 tonnes CO₂-e).

• 42% of electricity produced by renewable energy in 2024–25, and Victorian wholesale power prices were consistently the lowest in the country
• 30% of Victorian homes have solar installed
• 100% of electricity supplied by the SEC for Victoria's public schools, hospitals, trains and other government operations is from renewable sources
• 8x more zero emission vehicle sales compared to 2021
• 1.8 million hectares of state forest protected by ending native timber harvesting six years early

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Our economy has grown while we’ve cut emissions

The chart shows that GSP increased by 57.5% from 2005 to 2023, while emissions fell 31.4% from 2005 to 2023.

Creating future jobs and growth

Driving economic growth

Victoria’s gross state product is projected to be $63 billion higher between 2022 and 2070 if Victoria meets its targets and there is strong global action.

Delivering positive returns

Every $1 invested to improve resilience to climate change impacts could deliver a $9.60 return on investment. (Source: Insurance Council of Australia, 2022)

Creating new jobs

Victoria’s energy workforce is projected to grow by more than 60% by 2040 to 67,000 workers.

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We’ve reduced emissions by 31.4% and are within range of our 2025 target.

The chart shows Victoria's greenhouse gas emission reduction targets below 2005 levels – 2020: 15-20%; 2025: 28-33%; 2030: 45-50%; 2035: 75-80%, and; net-zero by 2045.

The chart details historic greenhouse gas emissions in Victoria – 2005: 122.7 Mt CO₂-e; 2020: 84.6 Mt CO₂-e; 2023: 84.2 Mt CO₂-e. Data shows that we beat our 2020 target of 15-20% below 2005 levels.

The chart also shows that current actions will see Victoria’s emissions fall an additional 13 Mt CO₂-e by 2030, equivalent to 42% below 2005 levels.

Our new emissions reduction pledges continue our strong progress – helping to meet our future targets.

Additional action by governments, communities and businesses will help us achieve our ambitious targets.

Energy: Securing affordable and reliable renewable energy for Victorian households and businesses to create jobs and lower household bills

Transport: Providing Victorians with greater sustainable transport options and helping them lower their cost of living.

Agriculture: Partnering with industry to support a profitable and productive sector that takes ambitious action on climate change.

Waste: Building a thriving circular economy and reducing methane released from landfills.

Industrial processes and product use: Acting locally to improve how refrigeration, air-conditioning equipment and refrigerant gases are managed, while pushing for stronger national policies for cleaner alternatives.

Land use, land use change and forestry: Continuing to plant millions of trees across private and public land, boosting our agricultural sector and restoring our great outdoors - including through the BushBank Program

Victorian Government operations: Leading by example and cutting emissions from government operations while driving action across the economy.

3x more emissions reductions from our combined pledges 2026-30, then our pledges 2021-25.