This report summarizes the methods, assumptions and results from economic modelling conducted by Australian's Department of Industry, Science, Energy and Resources to inform the development of the government’s long-term emissions reduction plan and associated net-zero emissions by 2050 target.
The economic modelling explores a range of scenarios, illustrating different combinations of emissions reductions and the use of domestic and international offsets. The analysis finds there are range of economically and technically feasible pathways for achieving net-zero emissions by 2050, and that advanced technology provides additional flexibility in how Australia can achieve this target
The modelling and analysis assesses the economic and emissions impacts of changes in technology and action to reduce emissions by Australia and other countries. It does not assess the costs or impacts of climate change, or the benefits of avoided warming associated with different global emissions trajectories.