Net Zero in Australia
Summary
This application helps explore the impact of net zero on employment, industries, occupations, and regions. It shows two scenarios. The first is the base-case, which means Australia doesn’t reduce its emissions. The second is a net-zero scenario, where Australia transitions to net zero emissions by 2050. The results show that all regions will continue to grow in a net zero scenario, but growth rates change.
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The transition to a net zero economy is one of the most important challenges facing Australia. It is a transition that Australia must make.
Research undertaken by Victoria University’s Centre of Policy studies shows the impact of the transition to net zero on industries, jobs and regions. This research modelled two scenarios.
The first, a ‘business as usual’ scenario where Australia continues to rely on fossil fuels and does not reduce its emissions.
The second models a scenario where Australia commits to net zero emissions by 2050.
This research shows that all regions in Australia will continue to grow in a transition to net zero emissions.
What does change are growth patterns. There are certain industries and regions that are most affected. It is these regions where Victoria University’s Mitchell Institute recommend a special focus to mitigate the impacts of change.