The federal government is expected to release its plan to reach net zero today, including some details around the deal struck with the Nationals after the junior coalition partner agreed on Sunday to back the Liberal target for 2050.
But Finance Minister Simon Birmingham won’t reveal the price of getting the Nationals to back the target. Speaking on the ABC’s RN Breakfast earlier, the South Australian Senator said the Government would “continue to pursue” infrastructure investments that are good for the country.
“What we will always do with investment, particularly in infrastructure ... is seek to ensure we have the rules that guided that funding towards the maximum benefit when it comes to job creation, when it comes to community benefit,” he said.
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“All of this is about ensuring that we achieve net zero by 2050 in ways that maximise the job opportunities for Australians, that deliver the type of support for regional communities to be able to adjust so that if countries like Japan and Korea, some of our major export markets, change their consumption patterns in terms of the resources and energy that they buy from Australia.”
When asked why the Government won’t commit to updated emissions reduction targets for 2030, given updated projections to be released today are expected to show reductions have exceeded the 26 per cent to 28 per cent target and will reach 35 per cent, Senator Birmingham said: “It’s what you do that matters most.”
“Unlike many other [countries], we will be able to demonstrate that we are on track to exceed those 2030 targets as well,” he said.