The push for a low carbon economy
Michael is joined by Robert Gottliebsen, Business Columnist with The Australian, who observes that the time is right to tackle the taboos of Australia’s emissions.
Mr Gottliebsen writes, ‘If Australia is to take carbon reduction to a new level and start aiming at zero carbon emissions, a large number of our largest public companies will need to look much more closely at their fundamental processes.
To date, most of the concentration has been on the development of wind and solar power, aimed at reducing coal usage. As we look much harder at carbon reduction, new areas will be affected, led by steel and concrete, which are each responsible for about 8-10 percent of carbon emissions.
This will affect a large number of listed companies led by BlueScope, Boral, SA Brighton Cement and a vast number of building companies that have operations based around concrete and steel.
Right now politicians advocating lower carbon emissions, from US President Joe Biden down to our state premiers, mouth lower carbon emissions in one speech and in the next propose huge infrastructure involving steel and concrete.
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