Zali Steggall MP speaks on the Annual Climate Report
4 March 2026
Every Australian has felt the effects of our warming climate, whether they realise it or not and whether they accept it or not. We've all experienced sweltering summer nights that won't cool down. We see grocery and power bills, climbing, insurance premiums soaring, beaches are disappearing to coastal erosion, communities are flooding. We see the Great Barrier Reef repeatedly bleaching and dying. We see droughts getting worse and we see storms and flooding getting worse. But the question is are we responding fast enough as a nation? And the annual climate change statement reveals the answer and clearly no.
Despite all the things said by the government members, Australia is at risk of missing its emissions target. We rely too much on offsets of instead of cutting pollution at its source, we also continue with a flawed system when it comes to monitoring and measuring methane emissions, and spending on adaptation is woefully inadequate. Even Australia's military and intelligence experts warn that climate change is an existential threat to human civilisation, and say the government refuses to face up to that challenge.
So, the reality is clear this government must urgently strengthen both mitigation and resilience to protect Australians from the climate risks ahead. In January, my electorate in Warringah and nearby areas were hit by violent summer storms, heavy rain, pounding winds, flash flooding that upended people's lives and disrupted business. The economic impact of disruption is the piece that doesn't get talked about, but it is a very vital piece. Torrential downpours, swamped streets and homes, stormwater systems overflowed, turning roads into rivers. Passengers were rescued from stranded cars. Residents were forced to evacuate, returning days later to soaked homes and damaged belongings. Insurance premiums were absolutely tested and stressed. This is experienced in many coastal communities.
It's sobering reminder that what happens in Warringah and many places in Australia will, and what we are going to face as it worsens, we know impacts are going to cascade, compound and escalate. We know these storms will get more severe. A warming climate, climate, a warmer temperatures means greater amounts of humidity in the atmospheres, leading to a year's worth of rain falling in short periods. And too often our infrastructure is not equipped to cope. But the risks go far beyond just worsening disasters.
Climate change is a cost-of-living issue that drives up your power bills and insurance costs. As disasters become more and more frequent and severe, they disrupt food production, transport and many other aspects. And it's also a problem of inter-generational equity. It steals the opportunities from the next generation, leaving them with this heavy carbon debt, this existential threat and a very heavy burden to bear. Governments are not moving fast enough to protect all Australians from the climate risks ahead. The climate change statement shows that Australia needs to accelerate its action to meet even just its 2030 emission target.
Our emissions are falling but not fast enough. Australia has committed to cutting emissions by between 62 and 70 per cent by 2035, based on 2005 levels, and I know many members of government want to pat on the back for that because it certainly is better than the woefully ignorant when it comes to the opposition and the complete lack of policy or commitment to our biggest threat. But the reality is only the upper end of that 2035 target is even remotely within the range of science, and what is needed to actually keep temperature under two degrees. We urgently need to accelerate emissions reduction, especially around transport, agriculture and industry.
Right now, only the energy sector is doing the heavy lifting. The Climate Change Authority last year released the decarbonisation plans for six sectors of the economy. But disappointingly the authority did not set specific binding targets for each sectors. We need clear sectoral plans for all. All of these areas. Without those targets there is no accountability and companies or governments can ignore the guidance without consequences. Voluntary targets rarely drive urgent change needed to meet Australia's climate goals, and businesses don't have a clear signal to plan for cleaner operations over the long-term and meaningful investment. The other issue of great concern, as I referred to, is Australia's net zero strategy relies too heavily on carbon offsets. These allow polluting industries to continue business as usual and in fact the government continues to approve coal and gas projects that then rely on offsets.
So we are continually putting fuel on the fire now, if offsets have a role for hard to abate sectors, but they cannot be used to justify continuing to increase emissions and continuing with polluting industries like coal and gas. And we have to ensure that we don't replace genuine low emissions transformation by use of offsets. We can't overlook, of course, the problem of methane, a greenhouse gas that is 80 times more potent than carbon dioxide dioxide over the first 20 years. So it is absolutely responsible for the increases in warming that we are currently seeing. And yet you don't hear a peep about methane from anyone in government. Reducing methane is a huge necessity and opportunity. Yet the government action to ensure it is properly even measured has not been progressed. If we can't measure methane emissions, how are we going to reduce them or at least acknowledge that they are there.
In 2023, the Climate Change Authority made recommendations to improve how Australia measures and reports methane emissions as part of the Angarrack review, the government has agreed in principle to those recommendations fully or in principle, and set up an expert panel to examine the issue. But two years on, since that review, haven't heard a peep progress painfully slow. Meanwhile, those emissions are continuing and we are continuing to cook. I urge the expert panel to ensure its interim report due in June this year, meaningfully to make sure it meaningfully progresses.
The issue of methane reporting, monitoring and measuring, especially in the oil and gas sector. Meanwhile, we can't forget native forests, powerful natural carbon sinks that protect diversity. They still lack the adequate protection from logging and other threats. It is mind-blowing that I believe we are heading into a budget period where further millions or billions of taxpayer dollars are going to be wasted on carbon capture and storage when the best carbon sink capacity in our native forests there is just being ignored. So millions are poured into unproven carbon capture and projects that continue to fail to meet benchmarks. But on an excuse. And they continue to excuse high emissions. It's a unicorn technology. I compare it to SMEs when it comes to nuclear, it's this great big hope on the horizon that never delivers but costs a bomb. Why are we continuing to talk about that most expensive, uncertain technology? And why is the government still not protecting native forests and putting an end to native forest logging?
Last November, the climate change minister, Chris Bowen, admitted that based on current global emissions, the world is on track to 2.8 degrees of warming. That is diabolical. For Australia, it means bushfires like Black Summer could happen nearly every year. Days over 50 degrees in Sydney and Melbourne will be common. Storms and floods will reshape our coasts. The Great Barrier Reef will be lost forever. I can assure the members in this place from regional communities they will be bearing the brunt of it and then we will see this endless need for, for emergency disaster relief packages. We simply will not be able to afford. We know you won't be able to have insurance. Insurance will be unaffordable for many. We will see spikes in heat-related illness and biodiversity loss, billions in spending on disaster recovery will become the norm.
Sustainable economic management is not possible without addressing climate risks. In 2022 alone, climate fuelled disasters cost Australia $30 billion and the cost will only rise. What's missing from the picture is serious investment in adaptation and resilience. The National Climate Risk Assessment last year outlined the threats, but since then nothing no funding, no serious plan. As we approach the next budget, I am calling for at least 0.25 per cent of GDP to be invested annually into climate risk reduction. We don't blink an eye when we talk about the percentage of GDP to be invested in defence. Well, our domestic defence, our risk to climate needs that same focus. Natural disasters already cost nearly 40 billion a year, about two about 2 per cent of GDP. So it's and it's projected to nearly double by 2060. Investing in adaptation saves money for every $1 spent. We save about 11 in future losses. So if we want to talk about sensible economic management it must include investment in adaptation and resilience.
I've proposed a detailed plan how we can strengthen building codes, invest in local government capacity, protect wetlands and dunes, make climate risk disclosures standard in financial decisions. This is not ideology. This is sensible economic management. The time is up for me here, but there is so much more we can talk about from a national security. We know it is existential and urgent that we address and do more. And I urge the government to get real and actually do more.
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