“2030 emissions reduction target to 46 and 50pc in 2030 and net zero by 2050 could potentially be payday for Australia!”
Estimates show that taking climate action Boosting GDP by $890B and adding 195,000 jobs.
Creating a new export industry valued at $40b pa
It is estimated that $50b investment by 2030 needed to
- expanding domestic carbon offsets
- Renewables creating 70pc of electricity by 2030
- Lower emissions 615 to 479 tonnes by 2030
- Transport reduce 15m tonnes
- Focus on carbon capture technology by industry
Tim Reed - ex ceo of myob quoting a Deloitte access Economics study to “the Australian” that the future is grim and that Aus would be worse off by $3.4t if nothing is done.