Decarbonising Australia’s Heavy Industries: A 30-year Project That Costs $625 Billion

Decarbonising Australia’s Heavy Industries: A 30-year Project That Costs $625 Billion
A general view of the steelworks and coal loading facility in Wollongong, Australia, on Feb. 1, 2021. Brook Mitchell/Getty Images
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An ambitious plan to decarbonise Australia’s heavy industries in the next 30 years will cost the country $625 billion (US$432 billion) in both government and private investments.

Climate Change and Energy Minister Chris Bowen on Feb. 20 launched a report (pdf) that outlines the roadmap to reduce Australia’s industry emissions by 92 percent as the country seeks to limit global warming to 1.5 degrees Celsius.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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