Home Tech Existing carbon markets better than new technology for Australia’s net zero goal

Existing carbon markets better than new technology for Australia’s net zero goal

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A lot can happen in 30 years, which makes it pretty safe territory for anyone making promises for 2050, particularly if they’re unlikely to even be around then.

For all the hot air and emissions produced in Glasgow last week, Australia appeared to be a frontrunner, despite the Prime Minister’s road-to-Damascus conversion to producing net zero carbon emissions by the century’s midpoint.

As dramatic as that conversion may appear — given the Prime Minister’s recent musings on everything from the shortcoming of electric vehicles to the need for a gas-led recovery from the COVID-induced recession — he’s copped a great of deal of flak for his noticeable lack of detail on just how we will achieve the target.

That’s not surprising. For it will be a mammoth task…

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