A new Agency to deal with the future’s Net Zero Economy has been established within the Department of the Prime Minister and Cabinet.
The Agency is to be responsible for promoting orderly and positive economic transformation across Australia as the world ‘decarbonises’.
According to the Department, it will ensure Australia, its regions and workers, realise and share the benefits of the net zero economy.
The Agency said it would be engaging with a variety of different stakeholders, including communities, regional bodies, industry, investors and First Nations groups, to support a positive transition to a net zero economy.
“The work of the Net Zero Economy Agency is a precursor to the establishment of a legislated Net Zero Authority, following Parliamentary processes,” the Agency said
“We will be kick-starting the work of the Net Zero Authority by helping investors and companies to engage with net zero transformation opportunities.”
It said it would also coordinate programs and policies across Government to support regions and communities to attract and take advantage of new clean energy industries and set those industries up for success.
Finally it would be supporting workers in emissions-intensive sectors to access new employment, skills and support as the net zero transformation continued.
Greg Combet has been appointed Chair of the Net Zero Economy Agency.
Mr Combet (pictured), a former Minister, is to guide the Agency to ensure that the workers, industries and communities that have powered Australia for generations, can seize the opportunities of the net zero transformation.
He is supported by an advisory board to design and establish the legislated Net Zero Authority.
