Under the Paris Agreement on climate change, national governments are invited by the 2020 COP climate conference to submit a long-term strategy for reducing their greenhouse gas emissions. Many major economies have already submitted 2050 emissions strategies, some in conjunction with net-zero emissions goals. Globally, sub-national governments and large companies are also developing net-zero 2050 targets and strategies.
At an event convened by the Centre for Climate and Energy Policy on February 26, experts and stakeholders discussed the need for and analytical underpinnings of Australia’s national 2050 emissions strategy. A key focus was whether a national strategy could provide a framework for coordinating the net-zero 2050 emissions targets that have been set by Australian states and territories, and what role industry-driven action might play in getting on track toward deep emissions cuts. The discussion also considered the benefits of a long-term strategy for supporting investment decisions, innovation, and the realisation of economic and local environmental benefits from decarbonisation. Participants also discussed the role of modelling and scenarios in economic planning by governments, investors, and industry.
Video recording of the entire event: linked here
Anna Skarbek, Chief Executive Officer, ClimateWorks Australia: Technology pathways to net zero emissions – update
Erwin Jackson, Policy Director, Investor Group on Climate Change: Long-term strategies and the investor perspective
Tennant Reed, Head of Climate, Energy and Environment Policy, Australian Industry Group: Long-term Strategy
Frank Jotzo, director CCEP, ANU: Long-term emissions strategies and pillars of decarbonisation