Australia has committed to net zero by 2050, but under current policy settings, we will show up late and underprepared for this new future, if we arrive at all. Unless we start to take more substantial steps toward reaching this target, we risk further harming our international standing and economic competitiveness. The largest economies in the world have committed to net zero—just like us. But these commitments, unlike ours, have been underpinned by meaningful policy.

Australia's new parliament must represent a turning point for climate and energy policy in Australia. This paper offers a clear plan to ensure our prosperity in a decarbonised global economy.