It's unoffical. Energy industry adopts a net zero emissions target
While the government avoids setting an official target, the industry has moved on. Net zero has become the benchmark goal and now regulators have to make it work.
The fixation on a national emissions reduction target of 26 to 28 per cent by 2030 has run its course. Jessica Shapiro
It may not be an official target but reaching net zero emissions by 2050 has become the default goal for industry and investors.
As The Australian Financial Review Energy and Climate Summit made clear this week, the fixation on a national emissions reduction target of 26 to 28 per cent by 2030 has run its course. The commitment of companies and other countries to net zero emissions by the middle of the century has shifted the goalposts.
Angela Macdonald-SmithSenior resources writerAngela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com
Mark LudlowQueensland bureau chiefMark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com
Elouise FowlerReporterElouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
