Emissions mission

19 November 2021

Devil is in the details

Before he headed to Glasgow for United Nations climate talks, Prime Minister Scott Morrison launched the federal government’s whole-of-economy plan to achieve net zero emissions by 2050.

The plan outlines how Australia aims to:

• drive down the cost of low emissions technologies
• deploy these technologies at scale
• help regional industries and communities seize economic opportunities in new and traditional markets
• work with other countries to develop technologies that decarbonise the world’s economy.

The Long-Term Emissions Reduction Plan revealed no vehicle emissions targets. Instead, the roadmap relies heavily on $15 billion in government funding to reduce the costs of technologies like clean hydrogen.

So, I am wondering what this could mean for the Australian automotive industry? In his official statement, Mr Morrison insisted ‘the technology-driven plan sets out a credible pathway to net zero by 2050, while preserving our existing industries, establishing Australia as a leader in low emissions technologies, and positioning our regions to prosper’, and that the country’s shift to a net zero economy will not put industries, regions, or jobs at risk.

But how can that be?

The automotive industry contributes $39.35 billion to the economy and employs over 385,000 Australians. It is an adaptable sector, but it needs to be consulted when it comes to grand plans.

The government aims to hit its target in a ‘practical, responsible way’. Supposedly, the mission will be successful while preserving existing industries and jobs. I hope that’s true, and I will keep a keen eye out as policies come through.

Words: VACC CEO, Geoff Gwilym.

Share your thoughts! E: ceo@vacc.com.au. As featured in the Herald Sun 19 November 2021.