Business
Net zero emissions target for Australia could launch $63bn investment boom – The Guardian
Modelling shows moving towards a net zero emissions economy would unlock financial prospects in sectors including renewables and manufacturing
Australia could unlock an investment boom of $63bn over the next five years if it aligns its climate policies with a target of net zero emissions by 2050, according to new economic modelling.
The analysis, by the Investor Group on Climate Change (IGCC), finds the investment opportunity created by an orderly transition to a net zero emissions economy would reach hundreds of billions of dollars by 2050 across sectors including renewable energy, manufacturing, carbon sequestration and transport.
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