My book The Superpower Transformation showed how Australia’s full participation in the world’s move to early zero net emissions would underpin full employment with rising living standards for a growing population through the next four decades. While doing well for itself, Australia would make it much more likely that humanity succeeds in its battle with climate change.

Australia moving to net zero reduces global emissions only by a bit over 1 per cent. Australia supplying zero-emissions goods – especially processed forms of materials we currently export in raw form, like iron and aluminium – could remove another 7 per cent. These would be among the emissions that are hardest to abate in the rest of the world.