A significant, urgent and sustained reduction in emissions is required to reach greenhouse gas neutrality by 2050. A target of 50% reduction relative to 2005 levels by 2030 for Australia would be consistent with the required rate of emissions reductions to meet the Paris Agreement targets of limiting global warming to less than 2°C above pre-industrial levels.
This Independent Review provides a blueprint for introducing security, reliability and emission abatement into a policy area that has been recognised Australia-wide as lacking national direction. The panel has worked hard to provide a means of breaking an entrenched political deadlock which has reduced investment and stifled development in this country, despite our significant sources of renewable energy.
The RSV’s Executive commends the leadership of the Chief Scientist in the development and delivery of this Independent Review and the dissemination of its findings.