The Albanese government is delivering on its commitment to reduce Australia's greenhouse gas emissions. The Ozone Protection and Synthetic Greenhouse Gas Management Reform (Closing the Hole in the Ozone Layer) Bill 2022 is an important part of delivering on this commitment.
More than 40 years ago global communities spoke with great concern about the hole in the ozone layer and the catastrophic damage it would do to our health, to our economy and to our environment if we did not act. Consequently, global communities recognised the science that the ozone layer protects life on earth by absorbing ultraviolet radiation from the sun. We also recognised the concerning fact that ozone-depleting hydrofluorocarbons like refrigerants were destroying the ozone layer. In response, global communities determined to control and phase-out ozone gases with the creation of the Montreal Protocol, ratified by Australia in 1989.
This has led to the phasing-out of harmful substances and the renewed health of the ozone layer. Products like aerosols were banned and industries and communities changed their behaviours because they believed in the science and the consequence of not acting. Now, after almost a decade of inaction under successive coalition governments on climate change, the Albanese government is once again listening to the science, and I'm proud to say that earlier this year parliament passed the government's Climate Change Bill.
The Albanese government has committed to reduce Australia's greenhouse gas emissions by 43 per cent on 2005 levels by 2030 and to net zero by 2050. This is backed by business associations, unions and environmental groups, who've come together to support the government's emissions targets. Our commitment has brought Australia into line with other nations, including France, Denmark and Spain, that have also legislated net zero by 2050. Now, through this bill before us today, we continue our commitment to the phasing down of hydrofluorocarbons, or HFCs, in our atmosphere, which will continue to strengthen the health of the ozone layer. This is also critical in meeting our greenhouse gas emissions reduction target. HFCs are dangerous greenhouse gases that are 4,000 times more harmful to our environment than carbon dioxide.
These bills provide for the effectiveness and efficiency of the Ozone Protection and Synthetic Greenhouse Gas Program. The bills also implement the remaining recommendations from the 2016 review of the Ozone Protection and Synthetic Greenhouse Gas Program. They'll improve compliance and enforcement by refining existing criminal offences. They will also introduce new offences and civic penalties to cover noncompliance relating to the import, export or manufacture of ozone-depleting substances. And these measures will reduce the administrative burden on industry by streamlining and improving the import and manufacturing licensing scheme as well as making the legislation easier to understand.
Australia's ozone legislation controls the import and use of ozone-depleting substances and synthetic greenhouse gases. Commonly used in refrigeration and air conditioning, fire protection, aerosols and insulating foam, HFCs make up about two per cent of the world's greenhouse gas emissions, but their use is growing because of increasing demand for air conditioning. We know that protecting the ozone layer is crucial to the wellbeing of Australians and the Australian environment. Ozone-depleting substances damage the ozone layer, allowing more ultraviolet radiation from the sun to pass through and cause harm to our health. UV radiation causes many problems, from skin cancer and cataracts in people through to damage to farm crops and the environment. To prevent damage to the ozone layer, we must tightly control and manage ozone-depleting substances. So we're working together across national boundaries. We can move away from refrigerants and the damage to our environment.
The Montreal Protocol provides concrete proof that global cooperation can heal the planet. It is the world's most successful international environmental treaty. As part of the phase-down, Australia is committed to assisting our neighbours in the Pacific, offering technical training and providing information about managing the transition to newer gases and equipment to reduce emissions. This continues Labor's history as a government that takes action on global climate issues. Australia, under the Hawke government, was instrumental in gaining agreement by all parties to the Montreal Protocol—to the worldwide phase-down of hydrofluorocarbons. We are doing this through regulating the manufacture, import, export, use and disposal of ozone-depleting substances and synthetic greenhouse gases. Under the Albanese government, Australia will re-establish our international leadership role on the environment.
The Montreal Protocol is one of the most successful climate change treaties, protecting the ozone layer and reducing greenhouse gas emissions. Thanks to the efforts of all countries, the ozone layer is projected to recover by the middle of this century. The global phase-down of HFC production under the Montreal Protocol is estimated to prevent the equivalent of 420 gigatonnes of carbon dioxide being released into the atmosphere by 2100, and Australia is on track to reach 85 per cent reduction in our consumption by 2036. The Ozone Protection and Synthetic Greenhouse Gas Program is a strong example of what Australia can do to protect our climate and meet our ambitious emissions reduction targets.
Our government is working alongside Australian industry that continues to move to alternative technologies and manage environmentally harmful chemicals to minimise emissions. In the refrigeration and air-conditioning sector, Australia has a world-leading approach to managing these substances. The all-embracing strategy applies from import through the supply chain and in use within the economy and then at the end of life. Australia has an established product stewardship scheme to collect used refrigerant that turns these potent greenhouse gases into harmless salty water.
Australian industry is crucial to the way we engage with our Pacific neighbours as well. Our companies have been partnering with the Pacific to help them phase out ozone-depleting chemicals. By working constructively with our neighbours we can move away from refrigerants that damage our region and planet. Our government will share information with neighbouring countries about our legislation, licensing and quota systems. We will offer technical training and training material, and provide information about managing the transition to newer gases and equipment to reduce emissions. These projects and initiatives will be funded from a multilateral fund for the implementation of the Montreal protocol, which Australia contributes to through our official development assistance. This builds upon Australia's existing work with 12 Pacific Island countries under the Montreal protocol to phase out ozone-depleting substances, particularly HCFCs. In that respect, we are already working with Palau, the Federated States of Micronesia, the Marshall Islands, the Solomon Islands, Vanuatu, Tonga, Tuvalu, Kiribati, Nauru, Samoa, and the Cook Islands.
Reforms within this bill lay the foundation for the future. They create additional initiatives to reduce synthetic greenhouse gas emissions and help Australia to meet its 2030 targets. It is also just another way that we can work effectively with our Pacific neighbours and give them support. These measures are sensible, practical and have wide support. Importantly, this bill reinforces Australia's place as a global partner which believes in the science, one that is prepared to play its role in protecting the health of our planet and our people. I commend the bill to the House.
