In his keynote speech at the AFR Business Summit, Anthony Albanese says gas must play a key role in the transition to clean energy, as he faces demands to ban new fossil fuel projects.
Anthony Albanese says gas must play a key role in the transition to clean energy, as he faces demands to ban new fossil fuel projects, and urges business to help address the nation’s shortcomings exposed by the COVID-19 pandemic.
The safeguard mechanism will apply to the 215 heaviest emitters that currently produce more than 100,000 tonnes of CO2 a year, and requires them to reduce aggregate emissions by 5 million tonnes a year to collectively achieve net-zero emissions by 2050. “The work of transition will require massive investment in building new physical assets and modifying existing ones.
“We understand that to deliver reform, people need to know where you are coming from, as well as where you want to go. But the prime minister will note business also did well out of that event through such outcomes as increasing the permanent migration intake to 195,000 and fast-tracked visa processing, as well as policies the government had already promised and announced at the summit.and expanding publicly funded paid parental leave to 26 weeks from 18 weeks.
Mr Albanese also identifies energy security, skills cyber security and the government’s aspiration for universal, free child care.“We have before us a window of opportunity, a chance for genuine renewal and reform,” he says.He says it is unrealistic for the government and business to always agree.
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