Australia’s decarbonisation challenge reveals $435 billion opportunity

Share

Share

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.

 

Economy

SEE ALL TOPICS

Media Enquiries

For all media enquiries, please contact the NAB Media Line on 03 7035 5015

Related Articles

  • Business

How businesses and farmers can secure big discounts on new green finance

Australian manufacturers, businesses, agribusinesses and farmers will be able to secure interest rate discounts and lower borrowing costs as part of a $300 million co-finance program between NAB and CEFC.

  • 31.01.2025
  • Time to read 3 min read
  • Economy

NAB forecasts February rate cut: cutting phase to be gradual

NAB Economics now expects the RBA to gradually ease rates from February, as outlined in the latest NAB Monetary Policy Update.

  • 30.01.2025
  • Time to read 1 min read
  • Economy

“It’s called the lucky country for a reason” NAB CEO Andrew Irvine on housing, AI and productivity

NAB CEO Andrew Irvine reflects on the opportunities in housing, AI and productivity to help Australia retain its lucky country status.

  • 13.01.2025
  • Time to read 3 min read

Quick links

Business Research and Insights

For more economic news, insights and analysis, visit NAB’s Business Research and Insights