b'The second challenge is to implement adaption strategiesAUSTRALIAN that can expand prosperity with rapidly changing climate, water systems and ecology. Productivity of agriculture,PROGRESS manufacturing and logistics all need to be transformed to deal with hotter climates with less water and more extreme weather events. Infrastructure will need to beAll eight Australian states and territories have already managed and maintained with greater threats by extremeset net zero targets by 2050 or better and most have weather events, fires and sea level rise.recently set ambitious 2030 targets that are a critical first step towards net zero and containing the worst impacts of climate change.At the time of writing the federal A JUSTgovernment was discussing a net zero target internally and the federal opposition had announced a Net Zero by TRANSITION 2050 policy but no 2030 interim targets.Whatever the government policy on local, nationalAUSTRALIAN EMISSIONS REDUCTION and global responses there will be those who benefitCOMMITMENTS and those who are disadvantaged by the impacts and responses to climate change. Understanding and simplyAustralianInterim 2030Net Zero communicating the specific costs, benefits, and risks ofjurisdiction target commitmenta 30 year economic transformation to people in differentNational 26-28% Pendingindustries and localities is a significant and complexNew South Wales 50% Net Zero by 2050challenge. To add to this complexity there are the inevitable distortions caused by fear, politics and sourcesVictoria 45-50% Net Zero by 2050of disinformation. Queensland 30% Net Zero by 2050Western Australia 26-28% Net Zero by 2050A poorly managed and abrupt transition could lead toSouth Australia 50% Net Zero by 2050a collapse of some regional industries and contributeTasmania Net Zero sinceNet Zero since to reduced economic success, and wider impacts on2015 2015financial, social and political stability. A just transitionNorthernPending Net Zero by 2050was formally included as an objective of the ParisTerritoryAgreement and is now a core part of internationalAustralian Capital65% Net Zero by 2050climate frameworks. A well-planned transition that buildsTerritorysynergies and maintains public support is essential for a timely and efficient change. A just transition to a clean energy future to manage transfer to decent work, improve access to clean energy and address other equity impacts. BUSINESS PROGRESSBy March 2021, twenty-one percent of the worlds largest two thousand companies had committed to a Net Zero Target which includes responsibility for the emissions from production of purchased goods and services in its supply chain.Australias major trading partners are also reorientating their economies and plan to shift demand away from carbon-intensive imports. So far fourteen of Australias largest twenty trading partners, covering eighty-three percent of our exports, including the US, Britain, Japan and South Korea, have committed to net zero.'