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flag Australia may use up its carbon budget by 2036, prompting PM Albanese to set a new 2035 emissions target.

flag Australia may exhaust its carbon budget by 2036, 14 years ahead of the 2050 deadline, potentially impacting global efforts to limit warming. flag PM Anthony Albanese is set to announce Australia's 2035 emissions reduction target, with experts suggesting a 65-75% reduction from 2005 levels. flag A higher target could require a carbon tax, while the Business Council of Australia warns of economic risks above a 70% reduction.

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