The minerals industry is committed to reducing emissions and investing in the technology and innovation that will underpin Australia's transition to a cleaner energy future.
The Government's 2035 emissions target aims to balance ambition and pragmatism, though the upper end of the range is highly aspirational.
The breadth of the range offers industry, including the mining sector, the essential flexibility to continue operating, investing and planning for the long term.
Meeting this ambition will be a formidable challenge and will require a clear and stable policy framework that attracts large-scale investment in decarbonisation and accelerates the development and deployment of the technologies that will ultimately do the heavy lifting.
The minerals industry has an ambition to achieve net zero emissions by 2050, which underscores commitment to this transition and highlights the scale of investment and innovation that will be required.
This important transition must be managed in a way that protects Australia's international competitiveness.
High energy prices are a significant pressure on industry, and ensuring energy remains affordable and reliable is critical to meeting the emissions target.
It is also crucial that Australia's single Nationally Determined Contribution remains the unifying national framework for emissions reduction. We need all jurisdictions - state, territory and federal governments working together to achieve the national target and not adding complexity that fragments the national effort.
A consistent approach will give industry the certainty it needs to invest and innovate while ensuring that Australia can meet its climate commitments without compromising economic growth.
