- The Morrison Government will act in a practical, responsible way to deliver net zero emissions by 2050 while preserving Australian jobs and generating new opportunities for industries and regional Australia. Prime Minister Scott Morrison and Minister for Industry, Energy and Emissions
Reduction Angus Taylor today released Australia’s Long Term Emissions Reduction Plan (the Plan), to deliver net zero emissions by 2050. The Plan is based on our existing policies and will be guided by five principles that will ensure Australia’s shift to a net zero economy will not put industries, regions or jobs at risk. The principles are: technology not taxes; expand choices not mandates; drive down the cost of a range of new technologies; keep energy prices down with affordable and reliable power; and, be accountable for progress. Over the next decade, our existing
$20 billion investment in low emissions technology is expected to unlock at least $80 billion of total private and public investment,
including in clean hydrogen, carbon capture and storage and energy storage. The Plan also identifies the potential for continued technology advances and breakthroughs to unlock ultra-low cost solar. The Prime Minister said the Plan would continue to reduce
Australia’s emissions while keeping our economy growing, maintaining affordable, reliable energy, and ensuring our regions remain strong. Latest official projections released today show Australia is on track to reduce emissions by up to 35 per cent by 2030, well above our target of 26 to 28 per cent. The Plan can be found at: industry.gov.au/LongTermEmissionsReduction. https://www.minister.industry.gov.au/ministers/taylor/media- releases/…
