Australia’s decarbonisation challenge reveals $435 billion opportunity

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Research commissioned by NAB has found that Australia can secure a $435bn economic opportunity to 2050 if it builds fast and exports decarbonisation to the rest of the world.

All Systems Go: Powering Ahead by Deloitte Access Economics looks at the difference between an Australia that just meets its 2050 net-zero targets, versus an Australia that competitively trades in global decarbonisation.

“Just meeting targets, that’s going to be the bare minimum, it’s really not going to give us the full size of the ‘economic prize’ that comes from transitioning to net-zero,” Claire Ibrahim, Deloitte Access Economics.

In this video, NAB Chief Climate Officer Jacqueline Fox  and report chief author Claire Ibrahim from Deloitte Access Economics discuss the findings of the report, and what it means for Australia.

 

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