Australia is set to develop new sectoral plans to achieve net zero greenhouse gas emissions by 2050, according to energy and climate change minister Chris Bowen. The government will build frameworks for reducing emissions from various sectors, including agriculture, land, built environment, transport, electricity, energy, resources, and industry, following the recommendation of the Climate Change Authority (CCA). The Business Council of Australia lobby has called for guidance on how industries will be required to decarbonize to meet the 2050 goal. The design process will take at least one year, with the scheme likely to take effect in 2025. The government will collaborate with industry, the climate movement, experts, unions, and the community on the sectoral plans, and the CCA will aid in developing sector pathways.
The government aims to provide guidance to investors worldwide for each sector, rather than sector-by-sector targets. The previous conservative government committed to a net zero Australia in 2021, but Bowen criticized the plan as a "fantasy" based on hope for future technological advances. Bowen also criticized the opposition's call for a nuclear energy sector, stating it was inflexible and five times more costly than wind and solar electricity.
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