Open letter to the Federal Government
We believe a 2050 net zero emissions target is essential in order to keep a global temperature rise under 2°C. For us specifically in the Goulburn Valley, a rise above 2°C would threaten our lifestyle and highly profitable agricultural sector. The Federal Government needs to adopt this target and work toward it in a way that transitions without threatening our economy.
The Business Council of Australia has modelled a roadmap to Australia achieving net zero by 2050, through adaptation of new technologies, harnessing renewables and incentivising carbon sequestration. The Council identifies that this process could reap an economic dividend of $890 billion and 190,000 jobs over the next 50 years. With strong investment in our region, the Goulburn Valley can be part of this dividend.
We are well placed to benefit from this 2050 net zero blueprint. We have the capability to generate renewable energy, participate in profitable carbon sequestration and adapt technology for our manufacturing sector. Done properly, this could enhance our energy reliability and affordability.
This requires commitment from the government, a clear policy framework and significant investment.
We don’t really have a choice not to participate in this global effort, given several of our trading
partners are indicating an emissions commitment will be required to continue that trading relationship. That is in addition to the overbearing challenges we will leave future generations if we
cannot keep the dial below a 2°C temperature increase.
The Goulburn Valley has constantly adapted to challenges and opportunities with its embrace of technology and entrepreneurial spirit. We believe we can do the same with this challenge, but we need the government to act now and invest.