The Act:
establishes a long-term emissions reduction target of net zero by 2050
requires five yearly interim targets, to keep Victoria on track to meet this long-term target
introduces a new set of policy objectives and an updated set of guiding principles to embed climate change in government decision making
requires the government to develop a Climate Change Strategy every five years, which will set out how Victoria will meet its targets and adapt to the impacts of climate change (from 2020)
requires Adaptation Action Plans for key systems that are either vulnerable to the impacts of climate change or essential to ensure Victoria is prepared (from 2021)
establishes a pledging model to reduce emissions from government's own operations and from across the economy (from 2020)
establishes a system of periodic reporting to provide transparency, accountability and ensure the community remains informed.