Australia faces postwar-style reconstruction to reach net zero target, Greg Combet says

Pipeline' of clean projects being assembled, according to head of agency charged with multibillion-dollar transformation

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Australia faces a postwar-scale reconstruction costing hundreds of billions of dollars in private and public investment to reach net zero emissions by mid-century, according to the former Labor climate minister and incoming Future Fund chair, Greg Combet.

Speaking at the National Press Club, Combet said the Net Zero Economy Authority - a new government agency proposed to help manage the country's transformation from a dirty to a clean economy - was putting together a pipeline" of clean industrial projects and would be figuring out how to help bring them to concrete investment decisions".