Australian Prime Minister Scott Morrison has announced a plan to reach net-zero emissions by 2050, ahead of the 2021 United Nations (U.N.) Climate Change Conference (COP26) in Glasgow, Scotland.
“I always said I would not set a target to achieve net zero by 2050 unless we had a plan to achieve it. We now have that plan,” the prime minister said.
Morrison outlined the plan would echo Australia’s “technology, not taxes” approach to develop and innovate new technologies, with $20 billion already committed to five key areas: green hydrogen, energy storage, low emissions steel and aluminium, carbon capture and storage, and soil carbon.
The Morrison government said that the details of the plan to reach net zero would be announced in the future.
Nationals Senator Matt Canavan outlined why a net zero commitment could disrupt regional jobs and industry.
“And that is why it hurts regional Australia more than anywhere else. To grow our country towns, we need people to build dams, mines and airports. Compared to the cities, who already have these things, we will be at a permanent disadvantage.”
Canavan also said he did not support a plan that relied heavily on untested technology. Currently, the use of hydrogen, low emissions steel and aluminium, and carbon capture and storage are all in their infancy around the globe.
“I do not support gambling with people’s jobs on the hope that an uncertain thing turns out. You don’t take on a mortgage with the plan to pay it back by winning the lotto.”
But Australia has continued to face domestic and international pressure to adopt a net zero target from climate activists to U.N. officials.
This comes following the release of the sixth report by the U.N. Intergovernmental Panel on Climate Change (IPCC) authored by hundreds of scientists from across the world, which stated it was “unequivocal that human influence has warmed the atmosphere, ocean and land.”
Australian climate change communications organisation, the Climate Council, has continued to lobby for accelerated emissions reduction from the government in line with international efforts.
“We are now one of the only advanced economies that haven’t yet taken these essential steps to reducing emissions ... the United States has pledged billions in new climate financing for developing nations.”
Australia’s deadline is now more ambitious than two of the world’s biggest emitters, China and India, which combined produce more than a third of the world’s carbon dioxide—in contrast to Australia’s one percent contribution.
China has continued to commission new coal-fired power generation and maintains an extended net zero deadline of 2060. However, Chinese regime leader Xi Jinping has yet to announce his attendance at COP26.
India has also said it will continue to utilise coal-fired power generation and has not set a net zero target.