Toward a Net Zero Queensland
Economic impact analysis of the 75% interim emissions reduction target by 2035
Queensland has a $430 billion economic opportunity from an orderly transition to meet a 75% emissions reduction (on 2005 levels) target by 2035, a new independent report commissioned by the Queensland Government from Deloitte Access Economics has found.
The Toward a Net Zero Queensland report finds that the 75% by 2035 target can act as the economic goal posts that catalyse new investment, workforce change and a reengineering of local supply chains to both replace emissions-intensive activity (such as fugitive emissions from mining) and expand new low-emission industry (such as green hydrogen). In setting and meeting this target, Queensland could avoid a significant burden and higher economic costs in the future, while setting industry up to competitively export and grow in a net zero global economy.
Importantly, the analysis identifies the importance and dividends of Queensland’s regions for the future.
