Foreign Minister Julie Bishop admits Australia will have to work even harder to slash emissions after a global climate deal was forged in Paris.
The world agreed to the first universal climate deal on Saturday (Paris time) which requires countries to limit global warming to well below two degrees, with an aspirational goal of 1.5.
The agreement also imposes five-yearly reviews of individual country efforts, with a requirement to boost ambition with each new goal.
Five-yearly reviews were a sticking point for the Australian delegation and Ms Bishop admits it's going to be tough, while cautioning the government wouldn't jeopardise the economy.
"Of course if we're being ambitious over time we will need to work even harder (than the current targets)," she told reporters in Paris after the deal was signed.
"But we don't want to damage our economy without having an environmental impact."
No one wanted countries to destroy their economy, she said, adding that would be self-defeating.
Environment groups believe Australia must do much more than its 26 to 28 per cent reduction target by 2030 to meet even the two degree goal.
The government maintains the aim is one of the highest in the G20 in terms of per capita emissions.
The Paris agreement boosts transparency with countries required to publish a list of information about how they're tracking with emissions.
Ms Bishop said that let Australia see what its trading partners and competitors were up to.
"We'll be able to hold each other to account for our targets," she said.
The theme of the conference has been compromise.
Earlier on Saturday, conference president and French foreign minister Laurent Fabius thanked delegates for their hard work over 13 days and nights.
"We knew from the very outset that if everyone had wanted 100 per cent of its wish list to be fulfilled our collective efforts would have amounted to zero," he said.
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Ms Bishop admitted not everything Australia wanted made it into the agreement but wouldn't detail the compromises she made.
"While we didn't get all that we envisaged, we are certainly pleased with this agreement," she said.
"There's no point in going into the details as to what wasn't achieved."
China agreed the deal was not perfect and more work had to be done but said that did not prevent the country from marching historic steps forward.
"It is a reflection of balance of the world's interest," China's chief negotiator Xie Zhenhua said.
United States Secretary of State John Kerry called the deal a tremendous victory for all the planet's citizens, despite there being parts here and there that not everybody likes.
"The world has come together around an agreement that will empower us to charter a new path for our planet," he said.
Ms Bishop labelled the deal - which includes major emitters like China and the United States - a historic moment and extraordinary achievement but warned the work is far from done.
"Even though our work here is done, the hard work of implementation begins."
