It is bad enough that Australia is not on track to cut its greenhouse gas emissions by 26–28% on 2005 levels by 2030, as it is notionally committed to doing, but according to the government's own figures, it is only set to reduce them by 5%. What makes it worse is that even the 26–28% target is very conservative and unlikely to be sufficient.
In truth, wealthy industrialised countries like ours should be seeking to become net zero emission economies and societies, both because we can and because it is simply not worth gambling with the continued existence of life as we know it.