DBrief Podcast by Australian Industry Group
DBrief, the business podcast from Australian Industry Group is for business people with a keen interest in understanding the connection between their individual business operation and the broader issues of Industry Development, Industry Policy and new government regulations.
Via an engaging and informal interview format, DBrief will investigate:
- What is happening in Industry Policy, and what does it mean?
- Where are these issues going, and what do I need to know?
- What do I need to think about and learn, in order to stay abreast of- or even ahead of- the emerging issues and developments?
By understanding the answers to these questions, business operators can stay ahead of changes and market movements, and be better prepared for Digitalisation, Decarbonisation and Diversification in their business and their market sector.
The podcast is designed to provide Australian Industry Group members and other business owners with a useful and timely insight into the changes in policy and regulations, and what is means for business.
DBrief Podcast by Australian Industry Group
DBrief: 2035 Emission Targets - Special Episode
In this episode, Louise McGrath and Tennant Reed discuss the implications of Australia's 2035 emissions reduction target, focusing on how various industries can adapt to meet these goals. They explore the unique challenges faced by different sectors, the importance of carbon border adjustments, and the need for supportive policies to facilitate a smooth transition towards decarbonisation.
The conversation emphasises the potential for decarbonisation to serve as a competitive advantage for Australian industry, provided that the right strategies and investments are made.
Takeaways:
- The 2035 emissions target is a significant challenge for industry.
- Different sectors face unique challenges in reducing emissions.
- Investors expect returns while companies reduce emissions.
- The safeguard mechanism provides both incentives and penalties.
- Carbon border adjustments are crucial for maintaining competitiveness.
- Decarbonisation can be a competitive advantage if managed well.
- A reliable supply of zero emissions electricity is essential.
- Tax incentives can facilitate industry upgrades.
- Policymakers need to prioritize clear objectives for projects.
- Fundamental process changes may be necessary for effective decarbonisation.
Australian Industry Group comment: The challenging next step to net zero
Contact the Industry Development & Policy team here.
