So "The Plan" has finally dropped:
https://www.industry.gov.au/sites/default/files/November%202021/document/australias-long-term-emissions-reduction-plan-modelling.pdf
I love p. 52:
Economic models are generally not well suited to modelling innovation as an exogenous process (otherthan narrowly defined reductions in production cost), and so instead technology changes need to beimposed explicitly by assumption.
Translation follows:
Magic happens here!
Nice to see the explicit discussion of "steam methane reforming" and not just "renewable electrolysis".
GLTAH.
Ann: Strategic Review & Corporate Update, page-345
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