Key insights from the interim Net Zero Australia modelling
- Renewables will produce most or all domestic energy by 2050
- More productive use of energy can keep domestic demand about the same, despite
- Carbon capture, utilisation and storage (CCUS) can play an important role, complementing renewables
- Unprecedented capital investment is needed, which will produce significant benefits
- The cost to export clean energy may rise, but should be competitive in a decarbonising global economy
- A large workforce with new skills will grow across the nation – one millions jobs are expected to be created in the energy sector alone
- Emissions from farms, forestry and waste should fall, but are unlikely to reach net zero
- Large changes in land and sea use will occur, and will need careful planning and community engagement