Australia's commitment to the 2050 net-zero target is strong, however there’s more we can be doing to cement our country’s future in sustainable energy.
Investing in our domestic sustainable energy solutions will not only power our community and businesses but can also power our economy, commercialising our renewable energy sources on the global stage.
The Australian government’s commitment to the 2050 net-zero carbon emissions target is a strong policy. We need to remain proactive and put in place a clear roadmap to achieve it so we can monitor our progress.
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The Australian government’s commitment to the 2050 net-zero carbon emissions target is a strong policy. We need to remain proactive and put in place a clear roadmap to achieve it so we can monitor our progress.
Australia needs to do its part in slowing down climate change.
Australia needs to stay on target for net-zero carbon emissions by 2050 with a focus on technology and innovation.
If we focus on technology and innovation to achieve net-zero by 2050, Australian businesses could become world leaders in emissions reduction and adaptation infrastructure.
The Australian government’s commitment to the 2050 net-zero carbon emissions target is a strong policy. We need to remain proactive and put in place a clear roadmap to achieve it so we can monitor our progress. Beyond the obvious environmental repercussions of climate change, the social and economic impacts are already placing strain on our health systems and emergency response capability. This is driving up insurance premiums and increasing energy demand and prices.
To remain on track for net-zero by 2050, we must focus on technology and innovation, with initiatives like the Climate Solutions Package imperative to driving Australia forward. However, electricity is just one part of Australia’s emissions challenge. We must reduce emissions in other sectors as well by committing to stopping deforestation, limiting fugitive and industrial emissions and accelerating the move to electric and hydrogen-powered vehicles. Our governing bodies need to coordinate their efforts rather than having separate state initiatives. We also must review and realign research and development incentives and other supportive policies to enable Australian businesses to become world leaders in innovative emissions reduction technology and adaptation infrastructure.
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To ensure Australia has a future with sustainable, secure sources of energy, we need to integrate the long-term emissions reduction plan with our energy policy. This policy needs to have a focus on secure, reliable and affordable domestic supplies of energy to power our households and businesses and improve the international competitiveness of our industries.
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To ensure Australia has a future with sustainable, secure sources of energy, we need to integrate the long-term emissions reduction plan with our energy policy. This policy needs to have a focus on secure, reliable and affordable domestic supplies of energy to power our households and businesses and improve the international competitiveness of our industries.
Energy and environmental policies in the last decade have failed to provide certainty for investment.
To help achieve greater certainty, we need to integrate Australia's long term emissions reduction plan with its energy policy.
This will not only help power our country but place us in a competitive economic position and enable Australia to remain a leading global energy exporter.
To ensure Australia has a future with sustainable, secure sources of energy, we need to integrate the long-term emissions reduction plan with our energy policy. This policy needs to have a focus on secure, reliable and affordable domestic supplies of energy to power our households and businesses and improve the international competitiveness of our industries. We also need to recognise the substantial economic contribution of energy exports and maintain our position as a leading global exporter.
Our future sustainable domestic energy supplies lie within The Climate Solutions Package, including direct action through the Emissions Reduction Fund, investment in Snowy 2.0 and the Battery of the Nation, energy efficiency measures and the development of a National Electric Vehicle Strategy. Acting on these initiatives will help build on Australia’s position as a global energy producer to not only power our country but supply the world with affordable energy and low-emissions technology.
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In setting a roadmap to achieve net-zero by 2050, we need to choose the path which achieves the aim with as low an impact as possible on energy prices, jobs and the economy.
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In setting a roadmap to achieve net-zero by 2050, we need to choose the path which achieves the aim with as low an impact as possible on energy prices, jobs and the economy.
Relying solely on renewable energy sources currently isn’t feasible to keep Australia powered.
We need to keep energy prices low through a technology-neutral approach to future electricity generation, supply and exports.
This will help keep the cost of energy down and retain many Australian jobs.
In setting a roadmap to achieve net-zero by 2050, we need to choose the path which achieves the aim with as low an impact as possible on energy prices, jobs and the economy. We need to consider all technology options available to us to lower emissions. This may mean we accept some energy sources and export opportunities that lower, but don’t fully eliminate emissions, to keep the cost of energy down and retain jobs and economic benefit, if we can offset these emissions via reductions or sequestration from other activities. For example, this may include transitioning from coal-fired to gas power generation as an interim measure until technologies such as battery storage and green hydrogen become efficient and cost-effective. Or, planting 1 million trees to offset emissions from grey hydrogen production.
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To place Australia at the forefront of sustainable energy solutions, our Federal Government needs to develop policies that stimulate and support research.
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To place Australia at the forefront of sustainable energy solutions, our Federal Government needs to develop policies that stimulate and support research.
The Australian R&D landscape is neither competitive nor attractive for businesses.
The Government needs to further increase the incentives for R&D and innovation in renewable energy and storage, including lithium batteries and hydrogen.
This will stimulate and support research in imperative areas like energy storage and transportable renewable energy sources.
To place Australia at the forefront of sustainable energy solutions, our Federal Government needs to develop policies that stimulate and support research. Expanding the patent box discounted company tax rate to the development of emissions technology is a good beginning. However, more can be done to encourage the development, demonstration and commercial deployment of new and improved zero-emissions and low-emissions technologies.
Due to high tax rates, burdensome regulation and a lack of government support, Australian businesses are often forced to look overseas to commercialise R&D and innovation. We need to nurture home-grown innovations in areas like energy storage and transportable renewable energy sources where we have the resources and expertise to be world leaders.
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To help boost Australia’s sustainability progress, our future climate change policy should prioritise competitive, market-based solutions that provide economy-wide benefits.
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To help boost Australia’s sustainability progress, our future climate change policy should prioritise competitive, market-based solutions that provide economy-wide benefits.
Australian businesses should be able to determine how much of their emissions they intend to abate and how much they’re prepared to pay for carbon offsets.
Australia should adopt a least-cost voluntary emissions abatement scheme using a market-based approach.
This will provide economy-wide benefits while delivering on sustainable long-term emissions reductions.
To help boost Australia’s sustainability progress, our future climate change policy should prioritise competitive, market-based solutions that provide economy-wide benefits. We need to be delivering on sustainable long-term emissions reductions while minimising regulation and government subsidies.
Australian businesses and their skilled workforce play a major role in developing innovative renewable energy and carbon emission reduction technologies to address climate change.
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Australia needs to maintain its opposition in the international arena to trade protectionism, especially measures like the carbon border adjustment mechanism.
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Australia needs to maintain its opposition in the international arena to trade protectionism, especially measures like the carbon border adjustment mechanism.
Carbon taxes on imports will encourage protectionism under the cover of environmental benefit.
To avoid trade disputes and prevent global economic implications, Australia needs to remain opposed in the international arena to trade protectionism.
This will help preserve the free trade agenda.
Australia needs to maintain its opposition in the international arena to trade protectionism, especially measures like the carbon border adjustment mechanism. Border adjustment strategies have serious global economic and trade implications and must be avoided. A carbon tax on imported goods would encourage protectionism under the guise of environmental benefit and could lead to damaging trade disputes.
The UN Framework Convention for Climate Change guidelines states that climate change management shouldn’t impose new trade barriers or market distortions, so we should remain opposed to trade protectionism to preserve the free trade agenda advanced by countries like Australia.
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