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flag Australia to set single 2035 emissions target, citing clearer guidance and climate risks.

flag Australia is expected to announce a single emissions reduction target for 2035, rather than a range, as part of its plan to reach net zero. flag Treasury officials have modeled only one figure, despite earlier advice suggesting a 65% to 75% cut. flag The move aims to provide clearer guidance for government and industry. flag This comes as the first National Climate Risk Assessment warns that climate hazards could increase disaster recovery costs by $40 billion annually, with Prime Minister Anthony Albanese calling the report a wake-up call. flag The target is set to be released before the end of the week.

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