"The Plan is based on our existing policies and will be guided by five principles that will ensure Australia’s shift to a net-zero economy will not put industries, regions or jobs at risk. The principles are: technology, not taxes; expand choices, not mandates; drive down the cost of a range of new technologies; keep energy prices down with affordable and reliable power; and, be accountable for progress", the government said in a statement.
"This is achieved through our strong track record, with emissions already more than 20 per cent lower than 2005 levels, the Technology Investment Roadmap which will reduce emissions by around 40 per cent, global technology trends that will reduce emissions by 15 per cent, and high-integrity offsets that will achieve at least a further 10 per cent reduction", the statement read.