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ARTICLE · 25 SEPTEMBER 2024

Hold-up On Australia's Road To Net Zero

Moulis Legal
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Transitioning to green energy is not a cakewalk. A lack of preparedness of the legal pathways is hindering achievement of the objective.

AustraliaEnergy and Natural Resources
Daniel Moulis
Daniel Moulis
Caroline Faeh
Caroline Faeh

KEY TAKEAWAYS

Transitioning to green energy is not a cakewalk. A lack of preparedness of the legal pathways is hindering achievement of the objective.

It's important not because of the rhetoric, or the votes, but because of the economically existential nature of the problem. 50% of Australia's exports are of carbon-based energy. Without renewable energy substitutes, foreign trade restrictions will hit Australian GDP hard.

Practical and comprehensive one-stop legal advice is critical for renewable projects and investment.

Australia experienced a surge in green energy interest, investment, and feasibility following the election of the current Australian Government and the decision to join the Paris Agreement with a commitment to net zero by 2050. The shift to fully renewable energy appeared inevitable.

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