The Albanese Government is right to stick to its election commitment of reducing greenhouse gas emissions by 43 per cent by 2030.
The MCA supports sensible reform to set Australia on the necessary course of reducing national emissions sustainably over time. This is achievable with consultation, collaboration and certainty over targets set.
Any proposal for post-2030 should be in line with Australia’s requirements under the Paris Agreement’s existing architecture.
The MCA and its member companies support the Paris Agreement’s goal of global net-zero emissions by 2050 and is taking rapid action to reduce emissions.
The industry is carrying out many abatement activities to bring down emissions.
Companies are investing in renewable energy projects, water management, ore processing improvements and collaborating with equipment providers to develop and deploy zero emissions technology and developing carbon capture and storage projects in prospective areas like the Surat Basin.
The industry is leading the world in investing in research and development to electrify mine processes and transport.
The reality is the transition to net zero will continue to take place over decades as new technologies are developed, commercialised and phased in to replace aging industrial equipment.
The pathway will not be linear for all industries but massive progress is being made across mining.
It is vital that industry and government work together as we transition to a low emissions future, ensuring that unintended consequences are avoided and that our economy can stay strong through the adjustment.
