The decade is still young, a decade during which we must accelerate progress in low emissions technologies into broad and lasting benefits.
This technological transformation has the potential to fuel our long-term prosperity, pave the way for net zero emissions by 2050 and preserve our planet. But it rests on our ability to promote Australia’s unmatched enterprise and creativity and expand early wins in low emissions technologies into mainstream solutions.
The 2021 Low Emissions Technology Statement (LETS 2021) represents the second important milestone in the development of a roadmap to guide our path toward this target.
LETS 2021 is technology agnostic – selecting priorities through the filters of abatement potential, economic benefit, Australia’s comparative advantage and responsiveness to government investment – while taking action to lower the adoption costs for new and emerging low emissions technologies.
It underscores the importance of research and development, regulations, community engagement, voluntary action and efficient operation of markets. It introduces new policy initiatives, adds ultra low-cost solar as a priority technology in recognition of the contribution clean electricity makes to the success of the other priority technologies, and provides a new focus on enabling infrastructure that is essential to curbing emissions across the electricity and transport sectors.
As the global challenge of climate change has become dramatically evident in recent years, so too has the need for greater international cooperation. We have fostered partnerships with Germany, Japan, the Republic of Korea, Singapore and the United Kingdom, to advance the development and deployment of low emissions technologies and embrace our collective responsibility to protect our common home.
It is a privilege to be part of such a strategic, rigorous and adaptive approach that reflects the vigour and vision this challenge demands. I thank Minister Angus Taylor for the opportunity to contribute, and for his wise guidance and engagement throughout.
I also express my sincere thanks and appreciation to my fellow council members. They have reflected deeply on the technology challenges, and opportunities, for Australia. Their astute counsel has made it possible to take the next step in this journey.
I acknowledge the strong capability and professionalism from the Department of Industry, Science, Energy and Resources and I offer my specific thanks to the dedicated team that has implemented this work.
Finally, I thank all our industry partners who have shared their expert knowledge over the past year.