Katie Allen (Higgins, Liberal Party) Share this | Link to this | Hansard source

This week the Prime Minister set out our plan for a net zero future. I'm immensely proud of this momentous occasion in Australia's history. Australia has agreed to achieve net zero emissions by 2050. This will have a whole-of-economy impact. Our plan is based on five clear principles. The first is technology; by grasping these opportunities and predicted market trends, we will shape our economy while driving down emissions. The second is expanding energy choices and emissions reduction, both domestically and with our trading partners. The third is driving down the cost of a range of new energy technologies by bringing a portfolio of technologies to cost competitiveness, such as clean hydrogen, low-emissions steel and aluminium and even green cement. The fourth is keeping energy prices down, with affordable and reliable power; our plan will consolidate our advantage in affordable and reliable energy. The fifth, importantly, is being accountable to progress by transparency, which is essential to convert ambition into achievement.

In my first speech, I said there is a major and inevitable transition occurring in our energy sector to a clean and sustainable energy future. It's not just an environmental imperative to act; it's an economic one. This won't be easy, however. We are now witnessing this transition. We have a plan, we have a target and, together, we will secure Australia's environmental and economic future.