Source: 9news.com.au
Prime Minister Scott Morrison has unveiled Australia's much-anticipated plan to reach net zero emissions by 2050 ahead of the COP26 climate conference in Glasgow.
He said the government "recognises the (climate) challenges" the world is facing and the plan "most importantly" backs Australians and the Australian way of life.
It comes after a deal was struck with the Nationals at the weekend who agreed, in principle, to support the government's targets.
Mr Taylor ran through a "portfolio of technologies" that can help reduce Australia's emissions.
Incentives, not penalties, will be used to help further lower emissions, he said.
Carbon offsets would also be "an important part" of the plan.
The goals of the plan include reducing the costs of hydrogen, "ultra-low-cost" solar and long-duration energy storage, in part funded by a $20 billion investment by the Federal Government.
When asked where the plan's carbon emissions modelling is, Mr Morrison said the data would be released over the coming days.
"Today is about the plan," he said.
Mr Taylor did point to some of the strategies Australia will use to hit net zero.
These include 90 million hectares of productive agricultural land to be better used as a carbon sink, carbon capture and storage, production of hydrogen, high-integrity credits and offsets, and low-emissions vehicles.
