Energy Minister Angus Taylor says modelling for net zero by 2050 tells a “very clear story” that when low emissions technologies are adopted, emissions are brought down.
“The modelling … and the whole plan tells a very clear story, which is, we know that as the cost of low emissions technology come down, they get adopted and they bring down emissions and we’ve seen that with solar – 12 per cent reduction in costs a year for 50 years now,” he told Sky News Australia.
He said Australians have adopted solar energy at the fastest rate in the world – in one in four houses – which is why it is being prioritised.
“But we’ve laid out a whole series of others – hydrogen, carbon capture and storage, regenerating our soils, low emissions steel and aluminium – investing $20 billion in the technologies that will bring those emissions down.
“And allow people to choose these technologies because it’s good for them, rather than being told by others or through a tax what they have to buy, what car they have to drive, what food they have to eat, what electricity they have to use.”