It would build on the government’s clean technology roadmap, launched last week, but would be much more organised and larger scale than that proposal. Importantly, it would bring state, federal and private investment together to enable more ambitious projects to get off the ground.
The ultimate goal would be to guide the economy to net zero emissions by 2050, a target adopted by every state and territory, but not by the federal government.
Prominent figures involved in its development include Australian Prudential Regulation Authority board member Geoff Summerhayes, Treasury deputy secretary Meghan Quinn, and former Treasury secretary Ken Henry.
Senior bureaucrats from the Department of Education, Skills and Employment, the Department of Agriculture, Water and the Environment and the Department of Industry, Science, Energy and Resources were also present at a meeting to discuss