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2023-24 Pre-Budget Submission
This submission to the 2023-24 Federal Budget includes two proposals. Both proposals draw on our research, engagement with industry stakeholders, government agencies, and other experts.
Australia has a wealth of renewable resources and is uniquely positioned to become a significant international player in green exports. Our 2021 Export Powerhouse identified a $333 billion green export opportunity for clean commodities and manufactured goods by 2050 (almost triple the value of 2019 fossil fuel exports).
Our submission targets a fast, fair and sustainable transition to prepare Australia's economy and community to take a leading role in the global zero-emissions future. These recommendations align with existing federal policy announcements, while making clear the importance of the scale and speed of action required to secure Australia’s economic prosperity as the global economy transforms.
To realise this opportunity, we need to:
Climate Change Authority - Economic Modelling
Australia's current emission reduction commitment for 2030 requires an upward revision in order to play its part in reaching this goal and as such this should be included as a key scenario.
Budget 2023: Australia steps up. To keep pace we need a giant leap forward
Australia can "power the world" with renewable energy and clean technology, but only if we raise our ambition towards becoming an export powerhouse.
Further resources for Australia’s decarbonisation pathway
National Supergrid is a five-year grid investment program - the foundation of Australia's renewable energy future.
How Australia can grow green exports worth $333 billion a year, almost triple the value of current fossil fuel exports.