Some of Australia’s largest heavy industrial companies have backed a report that says they could cut direct greenhouse gas emissions in their supply chains by more than 90% by 2050, and not have to rely heavily on carbon offsets.
The report, by the Australian Industry Energy Transitions Initiative (ETI), prepared over three years by Climateworks Centre and the CSIRO, found the industrial transition would cost the equivalent of $21bn a year over three decades if Australia were to play its part in trying to limit global heating to 1.5C.
