The global GDP costs of reaching net-zero by 2050 would be trivial, but emissions reduction technologies will be particularly expensive for three sectors, says a new report from a coalition of energy producers and users.
Opposition leader Anthony Albanese specified only two non-negotiable matters, in a Press Club speech today in which he urged Prime Minister Scott Morrison to negotiate a bipartisan energy policy.
In a new climate action plan, the Minerals Council undertakes to convene an expert panel to advise it on decarbonisation, and says it will consider "aspirational take-up rates" for low-emissions and abatement technologies.
The Morrison government says a new Bill allowing it to regulate a CO2 injection site that is partly in Victorian waters will help to develop Australia's hydrogen industry.