Budget 2025: $4.3 Billion for New Net Zero Measures Across Next 3 Years

The lion’s share of the funding will go toward reducing emissions in Australia’s energy system and the broader economy.

A general view of Australia's largest solar farm, the Western Downs Green Power Hub, in Chinchilla in Queensland, Australia on Jan. 17, 2025. Brook Mitchell/Getty Images

Labor’s new net zero initiatives will cost Australian taxpayers $4.3 billion (US$2.7 billion) in the short term and $6.9 billion in the medium term.

These figures follow the $24.3 billion net zero spending outlined in last year’s budget and $4.6 billion in climate-related spending from the previous year.