Australia’s biggest polluters need a rigorous emissions reduction regime that avoids exemptions for trade-exposed industries, according to the Grattan Institute, which says decarbonising Australian industry is an “Industrial Revolution against a deadline”.
In a new policy paper released on Monday, Tony Wood, the paper’s lead author, says that the “next Industrial Revolution” for the sector will require the government to implement a range of policies to work towards the net zero by 2050 target while avoiding political opposition and social friction.
