"We shouldn't underestimate the challenge of net zero, which goes well beyond generating cleaner electricity. Nor should we get too hung up on economic projections, which are about as reliable as trying in 1990 to estimate the cost and value of smartphones in 2020.
"Innovative technology can get us there and minimise the costs, as long as it is spurred on and scaled up by well-designed investment, regulatory and market policies. A successful transition will preserve international competitiveness and social equity all the way through to 2050 and beyond," Mr Willox said.
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