“Australia’s industries need to stay competitive and drive economic growth while cutting carbon emissions,” ACCI chief executive Andrew McKellar said.

“Net-zero by 2050 an ambitious target which brings enormous opportunities for investment in a successful transition to more sustainable energy sources. Australia can be a leader in this space.

“Each sector plan must take a comprehensive and realistic approach to decarbonisation with clear milestones to measure progress. The additional level of detail will assist in providing greater vision and certainty to business.”

“ACCI has been advocating for a clear roadmap to achieving net-zero, so we welcome today’s announcement from the government, and look forward to representing our members in their development.”