Consequence of Australia’s net zero emissions target
Michael is joined by Daniel Wild, Director of research at the Institute of Public Affairs, to discuss the IPA’s landmark report, ‘The Economic and Employment Consequences of Net Zero Emissions by 2050 in Australia’, which shows the real cost of Australia hitting its target of net zero.
“A net zero emissions by 2050 target means that, at a minimum, every coal, gas, and oil project in the construction pipeline will need to be scrapped, cancelling over 478,000 jobs concentrated in regional Australia,” says Mr Wild.
“This research reveals that a policy of net zero emissions by 2050 will inflict significant and irreparable economic and humanitarian damage across regional Australia.”
“Many regional communities face the risk of being entirely wiped out by the destruction of the industries which they rely on as a result of net zero.”
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