Prime Minister Scott Morrison says his long-awaited net-zero plan will lower power bills, create 100,000 jobs, and leave Australians thousands of dollars better off by increasing the gross national income by 1.6 per cent.
But his predecessor Malcolm Turnbull has been scathing of a key pillar of the plan, calling carbon capture and storage – which the government is relying on to cut emissions in manufacturing and mining – as a “con” and “distraction” by the coal industry. Scott Morrison announces the net zero plan. “It is a proven failure and it keeps getting run up the flagpole by the fossil fuel sector as a way to defer action,” Mr Turnbull told The New Daily. Mr Morrison will take the net-zero plan, and a projection that Australia will comfortably beat its Paris agreement goals, to Glasgow’s COP26 climate summit this week.