Determining the investments that are critical to reaching net
zero emissions.
Australia has now committed to a net zero emissions economy by
2050, or sooner.
This is expected to cost 5% of the country's annual GDP over
the next 28 years.1 That is estimated to be $7
trillion2. Private investment is critical to funding the
objective, so state and federal governments must reassess how to
make the investment more attractive for the private sector.
Achieving the 2050 target will also, in large part, rely on the
willingness of Australia's energy sector to invest
significantly in technology, infrastructure and securing the
experts needed to implement the technology.
While the current National Electricity Market (NEM) is widely
regarded as a case study in successful microeconomic reform, its
continued success remains uncertain. This was highlighted by the
work of the Energy Security Board's (ESB) Post-2025 market
design work which set out an ambitious pathway to
