The Business Council of Australia (BCA) supports achieving a net zero emissions economy by 2050. This paper sets out a proposed transition pathway and a set of policy recommendations to enhance coordination across governments, regulators, industry and the community to deliver economic dividends for all Australians.
The plan would accelerate emissions reduction and seize the first mover advantage, meaning on average Australians would be $5,000 better off per year, and those in the regions would gain the biggest economic benefit.
We believe the level of ambition and policy architecture recommended in this paper is durable and capable of attracting support from the majority of the parliament. A coordinated pathway to net zero will create new industries, new jobs and ensure Australia remains competitive on the world stage.