Conservation and environmental groups have welcomed the passing of the Albanese government's signature climate change bill enshrining emissions reductions targets into law.
The bill passed the parliament on Thursday and locks in the government's emissions reduction targets of 43 per cent by 2030 and net-zero by 2050.
The bill needs to form the foundation of stronger climate change action and paving the way to an "emissions-free future", conservation group WWF Australia says.
"Australia can build upon this bill to deliver effective climate action at pace over the coming critical decade," its head of climate Krista Singleton-Cambage said.
"It sets the stage for Australia to take advantage of the renewable revolution in energy, transport and industry and become a renewable energy superpower."
Australia's peak universities body also welcomed the legislation, saying it provides the opportunity for the sector to lead the nation's transition to renewable energy.
"Our world-class universities are generating the ideas and technological breakthroughs that are driving our energy transition," Universities Australia chief Catriona Jackson said.
Climate Council CEO Amanda McKenzie said the legislation provided industry certainty which would leverage private sector investment to help bring emissions down.
"On its own, the Climate Change Act won't reduce emissions so the law should serve as a springboard for more action," she said.