Australia faces a postwar-scale reconstruction costing hundreds of billions of dollars in private and public investment to reach net zero emissions by mid-century, according to the former Labor climate minister and incoming Future Fund chair, Greg Combet.
Speaking at the National Press Club, Combet said the Net Zero Economy Authority – a new government agency proposed to help manage the country’s transformation from a dirty to a clean economy – was putting together a “pipeline” of clean industrial projects and would be “figuring out how to help bring them to concrete investment decisions”.
