All governments should support infrastructure planning for reduced emissions through long-term, sector-specific plans. These will deliver sector-specific interim targets and strategies and acknowledge opportunities for emissions reduction across different sectors and supply chains.
These plans should draw on industry experience, make best practice for emissions reduction mainstream, support new and emerging low-emissions technologies, and incentivise innovation through research and development.
If they fail to do this, Australia could be left with the costs of stranded emissions-intensive infrastructure. This will hamper global competitiveness and increase emissions while burdening users and taxpayers with avoidable costs.
" Without a clear, widely supported target, any infrastructure asset investment with a 40-100 year operating life must consider net zero compliance. "
Governments should plan for, invest in and apply sustainable infrastructure solutions throughout the entire infrastructure lifecycle. The most transformative, lowest-cost sustainability benefits can be captured in the early phases of project inception, scoping and strategic planning.
