‘Industrial revolution’: Australia’s decarbonisation needs rigorous management, thinktank warns

Grattan Institute paper recommends allowing trading of carbon credits and a firm limit on emissions for country's largest polluters

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Australia's biggest polluters need a rigorous emissions reduction regime that avoids exemptions for trade-exposed industries, according to the Grattan Institute, which says decarbonising Australian industry is an Industrial Revolution against a deadline".

In a new policy paper released on Monday, Tony Wood, the paper's lead author, says that the next Industrial Revolution" for the sector will require the government to implement a range of policies to work towards the net zero by 2050 target while avoiding political opposition and social friction.

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