Kathmandu, Nov. 27 -- Fossil fuel giant Australia's current policies put it on track to miss a two-month-old target to slash greenhouse gas emissions by 2035, the government said Thursday.The country pledged in September to curb emissions that cause global warming by 62 to 70 percent by 2035, when compared to levels in 2005.

But Australia's emissions are projected to decline over that time by a much smaller 48 percent with "currently implemented policies", said a government report.

"While the 2035 target is ambitious and achievable, it is not yet being achieved," Climate Change and Energy Minister Chris Bowen said in a speech to parliament.

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"We will...