"The reported Federal Coalition deal that delivers a net zero commitment by 2050 is a positive step that will help right now, especially with managing the electricity sector transition," Innes Willox, Chief Executive of the national employer association Ai Group said today.
"While this is an important step on the long road ahead, details are scant including on the costs of securing the deal and how any agreement will assist the transition to net zero - including at a regional and industry level.
"Two other crucial pieces of the climate target puzzle remain to be put in place. Mid-term targets will need to be revisited and directions for investable policies to make the transition happen will need fresh thinking in 2022.
"There will need to be considerable engagement with industry and other stakeholders on the design and implementation of transitional measures. Good policy requires openness to business and community feedback and a willingness to accept scrutiny, criticism and the experience and expertise of people from many sectors, regions and walks of life," Mr Willox said.
