Treasurer Jim Chalmers uses inaugural Energy Nation Forum to argue renewables Australia's 'path to prosperity'
It comes amid renewed focus on energy policy, after the opposition announced it would drop a commitment by the Albanese government to reduce Australia's emissions by 43 per cent on 2005 levels by 2030 if it wins the next election. The Treasurer has been at pains to highlight the role of private investment in fuelling the transition to net zero, with the May budget including substantial tax breaks for businesses who contribute to the development of clean energy projects.
"That will open up new industrial opportunities and that will make energy the foundational enabler of growth in our economy." Underpinning the plans, the Treasurer continued, was the new Sustainable Finance Roadmap, which would identify the"next steps" in the transition, as well as setting out further priorities such as dealing with greenwashing and better understanding of climate risks.