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"The 'Pathways to Deep Decarbonisation in 2050: How Australia can prosper in a low carbon world' report, released 23 September 2014, presents an illustrative deep decarbonisation pathway for Australia - just one of many possible pathways - developed using a combination of well-established modelling tools to identify feasible and least-cost options.  This work finds that Australia can achieve net zero emissions by 2050 and live within its recommended carbon budget, using technologies that exist today, while maintaining economic prosperity. Major technological transitions are needed in some industries and many activities, but no fundamental change to Australia's economy is required. The technologies required for decarbonisation are currently available or under development. The analysis shows that deep decarbonisation requires neither substantial lifestyle changes nor large changes in Australia's economic structure."

"To avoid 2 degrees of climate change, global carbon emissions will need to be reduced by at least 50% by 2050. For developed countries such as Australia with higher carbon emissions this will mean cuts closer to 80%: it essentially implies decarbonising the stationary energy sector in Australia. Several studies have now tackled the question of how to achieve this, and despite different approaches and different assumptions they've come up with rather similar results."