Australia can achieve net zero emissions by 2050 and live within its recommended carbon budget, using technologies that exist today, while maintaining economic prosperity. The ‘Pathways to Deep Decarbonisation in 2050: How Australia can prosper in a low carbon world’ report presents an illustrative deep decarbonisation pathway for Australia – just one of many possible pathways – developed using a combination of well-established modelling tools to identify feasible and least-cost options.
The study shows that major technological transitions and many activities are needed in some industries, but no fundamental change to Australia’s economy is required. The decarbonization technologies are currently available or under development.
Decarbonisation of energy systems in all countries relies on three pillars: ambitious energy efficiency; low carbon electricity; and electrification and fuel switching. For Australia there is a fourth pillar: reducing non-energy emissions in industry and agriculture.