Informer: Net-zero idea of how this plan is going to work

Scott Morrison has revealed Australia's plan to achieve net-zero emissions by 2050. Picture: AAP
Scott Morrison has revealed Australia's plan to achieve net-zero emissions by 2050. Picture: AAP

Well, there it is.

Prime Minister Scott Morrison has finally unveiled the country's long-awaited Net-Zero by 2050 plan.

In what has been years, months and weeks in the making - it was revealed that the country's carbon emission target would rely on existing technologies, including gas and coal, to meet 85 per cent of the net-zero target.

If you still aren't quite sure what net-zero entails, you can check out this explainer.

The PM told reporters today that there wouldn't be any enforceable legislation or mandates to reach the target.

"It will not increase energy bills. It is not a revolution but a careful evolution to take advantage of changes in our markets," he said at today's press conference.

So we have a goal, but no official way to ensure the goal is actually reached. Sounds like a not-so-solid plan to me.

The big win here is that the federal Liberal and National parties, who were at loggerheads over the scheme, have finally reached an agreement.

Though some might say, the real winner was the National party.

The Nats have secured more power under the deal with the party's number of cabinet numbers to go from four to five.

The rest of the agreement between the Coalition parties is expected to remain secret squirrel business until the cabinet officially approves the net-zero target.

National MPs sought "compensation" for regional communities reliant on mining and other industries that could be affected by the net-zero plan.

In fact, deputy Nationals leader David Littleproud recently said, "money makes the world go around, mate" when asked what would be needed for the party to agree to the target.

It will certainly be interesting to see what the Coalition's agreement entails in that case.

It surprised me to learn that coal mining first started in Australia back in 1799 - fast becoming a billion-dollar industry.

So it's no surprise that the PM sees the industry as an essential part of the net-zero plan.

According to the AAP, this was backed up by Energy Minister Angus Taylor, who said the plan would "not shut down coal or gas production".

The AAP also stated that the 129-page planning document said: "Australia's coal and gas export industries will continue through to 2050 and beyond, supporting jobs and regional communities."

Technology is changing so fast, yet coal and gas production is expected to continue for at least the next 30 years?

Talk about industries with some serious staying power.

Over the past few years, we've had drought, bushfires, floods, storms, and most recently, several tornadoes, so there really shouldn't be any doubt that the country's climate is changing.

And to top it off, the United Nations World Meteorological Organisation (WMO) says the world is "way off track" on capping rising temperatures.

Here's hoping that we can do enough as a country to slow the tide of climate change. 2050, here we come.

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