Towards net zero: A practical plan for Australia's governments

Adopting the policy suite recommended in our reports will connect The scale and structure of the policies implemented today will short-term actions and proven technologies – to bend the curve determine the cost. [...] market-based policy Ensure that planning and regulatory processes are aligned to deliver Build on the Technology Investment Roadmap to bring low-emissions the major investments in the transmission grid required to support technologies to pre-commercial and commercial deployment more high levels of decarbonisation of the electricity sector in the 2030s or quickly. [...] The scale and pace of change inherent in a net-zero target are daunting, but they are outweighed by the Reports in the Towards net zero series consequences of the alternative. [...] Grattan Institute 2021 12 Towards net zero: A practical plan for Australia’s governments All of the above means the prospects seem slim for Australia finding half Australia’s metallurgical coal.29 China is the fourth-largest supplier replacement markets for thermal coal currently sent to Japan, Korea, of steel to the EU, and India is the seventh-largest.30 Production and China. [...] The appropriate emissions reductions of 7.7 billion tonnes.45 If the Government tools to do this are not the rebates and incentives previously used encourages this at something like the average cost achieved through (subsidising the 3GW of rooftop solar installed in 2020 at the rate of the Emissions Reduction Fund’s most recent auction, this will add up the rebate available in 2008 would have cost.