Mike Cannon-Brookes, one of Australia’s most successful entrepreneurs, wants the Morrison government to set net-zero emissions target because it “doesn’t make any sense” to have a technology investment goal without clear guidance to investors.
The billionaire founder and co-chief executive officer of software giant Atlassian said reports earlier this week the Morrison government planned to adopt a target for technology investment but not one for reaching carbon neutrality weren’t good for businesses.
“From a business context, it’s completely backwards,” Mr Cannon-Brookes told The Herald and The Age. “It’s like, ‘Let’s start making some plans. Where are trying to get to? Well, we’ll figure that out along the way.'”
The technology, he said, already existed but not the political will. Electrifying the world economy with renewables would achieve about 70 per cent of the emission reductions needed to avoid dangerous climate change with agriculture accounting for about 15 per cent of the remainder.