Strong support from Australian business to phase out fossil fuels by 2040, survey finds

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Carbon Markets Institute research also finds nearly half of all businesses surveyed backed Australia becoming a net zero economy by 2040

dismissed many of the claims but also proposed a major overhaul of the market.Among other findings, almost two-thirds of the survey respondents back Australia holding a UN climate conference with Pacific partners in 2026. Comments indicated many wanted “more robust policies” such as a firm phase-out date on fossil fuel use, greater emissions reduction targets, and a federal budget allocation for climate change mitigation and adaptation, the report said.

Separately, the Victorian government said it would launch a new pilot program to train electricians for solar battery storage system installation and off-grid energy solutions to quicken the shift to renewable energy.Skills, a non-profit organisation, to foster the creation of a skills base needed to meet the expanding sector.

Victoria’s transition away from fossil fuels is expected to create 10,000 jobs annually until 2030 and transform more than 500,000 existing jobs through new skills training, the Andrews government said. “This investment will help get more Victorians into secure jobs in the clean economy and help more Victorian households to make the transition to renewable energy solutions no matter where they are in Victoria,” said Steve Dimopoulos, the acting minister for training and skills.

 

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