Industry maps net zero pathway with safeguard uncertain

Chris Bowen has released industry findings on how big polluters can achieve net zero emissions. (Mick Tsikas/AAP PHOTOS) (AAP)

Australia's dirtiest industries can transition to net zero and create more than one million jobs if polluters, government and investors work together.

But it's going to cost roughly $20.8 billion per year and require action that goes beyond current policy if Australia is to help limit global warming to 1.5 degrees, according to a report released on Monday.