Transport, industrial and agricultural sectors must step up and help reduce their carbon dioxide emissions if Australia is to have any chance of reaching the 26 to 28 per cent below 2005 levels by 2030, let alone any higher target.
This is the verdict of former Origin Energy Chief Executive and current Business Council of Australia President, Grant King.
Speaking at the ADC Forum's leadership retreat at the Gold Coast on the weekend, King stressed that the 26 to 28 per cent commitment in the Paris agreement was an economy-wide target – not one that could be done by the electricity sector alone.
He warned there could be serious consequences in terms of reliability and affordability in the energy sector if electricity companies were forced to solely bear the brunt of the national reduction task.
"It's important to recognise we also need to make progress on carbon emissions reduction in transport and agricultural sectors," said King.
"In this regard, all options have to be on the table and all technology needs to be worked on including agricultural sequestration technology such as soil carbon and reforestation."
(Image: Grant King, BCA President).