AUSTRALIA: Australia's Long-term Emissions Reduction Plan: A Whole-of-economy Plan to Achieve Net Zero Emissions by 2050

Meta Data
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2021
Effective End Year: 
2050
Scope: 
National
Document Type: 
Plan/Strategy
Economic Sector: 
Multi-Sector
Energy Types: 
All, Other
Issued by: 
Australian Government 
Source: 
Department of Industry, Science, Energy and Resources
File: 
Australia's Long-term Emissions Reduction Plan
Overall Summary: 
Australia's Long-term Emissions Reduction Plan: A Whole-of-economy Plan to Achieve Net Zero Emissions by 2050 sets out how Australia will achieve net zero emissions by 2050. The Plan does not provide for the cessation of coal or gas production or require displacement of productive agricultural land.
Renewable Energy
RE priorities: 
Affordable low emissions technologies are key to Australia achieving net zero emissions by 2050. The technologies prioritised through Australia’s Technology Investment Roadmap can deliver approximately half the emissions reductions needed to achieve net zero emissions (Figure ES.2). Our priorities are: — - clean hydrogen — - ultra low-cost solar — - energy storage for firming — - low emissions steel — - low emissions aluminium — - carbon capture and storage — - soil carbon.
Investment
Energy sector investment priorities: 
The Government is playing an enabling role to unlock investment and scale up technology deployment. This includes cross-cutting measures that apply across all sectors, and measures focused on overcoming barriers to technology deployment in individual sectors. These measures include: —- planning for and building strategic and enabling infrastructure needed to unlock deployment, like electricity transmission and electric vehicle (EV) charging —- providing consumers and markets with the transparent information they need to de-risk technologies and make informed decisions, including developing a Hydrogen Guarantee of Origin certification scheme -— maintaining the high integrity accounting systems and trading infrastructure needed to grow Australia’s voluntary carbon markets -— incentives and finance through the Emissions Reduction Fund, a new below-baseline Safeguard Crediting Mechanism and the CEFC that will accelerate technology adoption by firms.