The NSW Government is right to recognise both the urgency and the opportunity in stronger and more credible 2030 emission reduction targets. With the right policies this can drive jobs and grow investment, particularly for regional communities.
NSW – and Australia – has abundant clean energy and technology opportunities but we need to give clear investment signals and policies, as well as manage the transition to ensure communities can participate in these opportunities.
CMI urges the Australian Government to follow suit in strengthening its 2030 targets to a 50% reduction as well as committing to net-zero emissions by 2050.
It may surprise many but the policy architecture for boosting ambition and opportunities is there waiting for Government leadership such as that shown by NSW today. Evolving the Safeguard Mechanism, which already requires our biggest emitters to measure and manage their emissions, alongside some of the evolving technology investment support the Government is rolling out, can unleash significant opportunities across Australia.
Lines attributable to CMI CEO John Connor
The Carbon Market Institute is the independent industry association for business leading the transition to net zero emissions. Its over 100 members include primary producers, carbon project developers, Indigenous corporations, legal and advisory services, insurers, banks and emission intensive industries developing decarbonisation and offset strategies.
