Impact Report August, 2016 | Page 14

KEY FINDINGS FROM OUR PATHWAYS TO DEEP DECARBONISATION PROJECT WHICH UNDERPINNED OUR 2015 WORK: AUSTRALIA can achieve net-zero emissions by 2050, staying within our recommended carbon budget, using technologies that are already commercially feasible AUSTRALIA can decarbonise while real GDP grows at 2.6% per annum to 2030 AUSTRALIA can decarbonise without significant lifestyle changes: We will notice changes to the source of our electricity but not the availability of supply. We will still heat and cool our buildings, but it will be done more efficiently. We will still drive and fly but, heading towards 2050, we will do it using lower carbon fuels 2050 2030 AUSTRALIA could achieve over 50% domestic emissions reductions on a 2005 baseline between now and 2030 WE ALSO REPORTED... The next 15 years are critical to laying the groundwork for a decarbonised Australian economy. We cannot afford to wait. The evidence presented in this report strongly informs our program strategy. In other words, we use research to identify and focus on the sectors and activities most important to achieving our overall goal. 14