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"By joining the Pledge, Australia will join the rest of the world's
major agricultural commodity exporters including the United States,
Brazil, and Indonesia in identifying opportunities to reduce
emissions in this hard-to-abate sector," Bowen said in a statement.
The government will continue to partner with industry to decarbonise
the economy, especially in energy and waste sectors, and capture
waste methane to generate power, he said.
Government investment to assist the pledge will include up to A$3
billion ($1.91 billion) from a $15 billion National Reconstruction
Fund to support low emissions technology and component
manufacturing, and agricultural methane reduction, Bowen said.
The senior minister said the pledge would not require Australia to
focus only on agriculture, or reduce agricultural production or
livestock.
"As result of signing the Pledge, the Australian Government will not
legislate or introduce taxes or levies to reduce livestock
emissions," Bowen said.
The U.S.- and EU-led effort pledges to slash methane emissions by
30% by 2030. The effort now covers 60% of global gross domestic
product and 30% of global methane emissions.
More than 100 countries have joined the push to cut emissions of the
potent greenhouse gas, an initiative aimed at tackling one of the
main causes of climate change.
"Canada, with a very similar economy to us, Brazil, Argentina, New
Zealand and the European Union are all signatories and it's
appropriate that Australia joins," Bowen told reporters in Sydney.
($1 = 1.5681 Australian dollars)
(Reporting by Sam McKeith; Editing by Christopher Cushing)
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