Iain Ross appointed acting chair of Net Zero Economy Agency
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The news: Iain Ross has been appointed as the acting chair of the Net Zero Economy Agency, replacing outgoing chair Greg Combet.
The numbers: Ross will take up the position on 1 June, with the Albanese government set to appoint Ross as the inaugural chair of the Net Zero Economy Authority (NZEA) once legislation to establish the authority passes in parliament.
In the 2024-25 budget, the government provided an additional $209.3 million for the work of the NZEA. It was set up to support Australia’s economy-wide net zero transformation by acting as a catalyst for private and public investment, major project development, employment transition, skills and community development.
It forms part of the government's policy agenda to reduce emissions by 43% on 2005 levels by 2030 and achieve net zero by 2050.
The context: Ross previously served as president of the Fair Work Commission and as a judge of the Federal Court and the Supreme Court of Victoria.
As NZEA chair, he will be supported by an independent board, with members to be appointed following the passing of legislation. An open recruitment process for the CEO of the authority will be advertised in June.
Combet is set to chair the government's Future Fund.
What they said: Albanese said: “The Net Zero Economy Authority will play an important role in one of the most significant economic events in Australian history and help position us as a renewable energy superpower.
“I would like to thank Mr Combet for his work in setting up the agency, and I welcome incoming chair Dr Ross.”
Ross said: “I am honoured to take on the role. This is a pivotal moment in our history, as we steer the nation on the road of transformation towards a net zero future.
“The task ahead is monumental, but I am confident that with our collective efforts, we can turn this challenge into an opportunity for Australia. We have the potential to not only achieve net zero emissions by 2050 but also to establish the nation as a leader in renewable energy.
“I am committed to leveraging my experiences to guide this transformation. Together, we will navigate the net zero revolution, ensuring a prosperous and sustainable future for all Australians.”
The source: Prime Minister of Australia media release
