Blueprint for emissions reduction: major industry policy changes needed for Australia to reach net zero

As emissions from industrial sites increase, Grattan Institute recommends a new future fund be set up similar to the national green bank

Greenhouse gas emissions from Australia's industrial sites have risen 24% since 2005, and need to be addressed now if the country is to have a chance of reaching net zero by 2050, a new report says.

The Melbourne-based think tank Grattan Institute has released a blueprint to reduce emissions from major industry, citing government projections that without action they are expected to stay around current levels until 2030.