Coal mining and agriculture heartlands like the Hunter and Riverina will "reap the benefits" of the innovation needed for Australia to reach net zero emissions by 2050 says Prime Minister Scott Morrison. Edging closer to committing to the new emissions target, Mr Morrison used a speech to the Business Council of Australia on Monday night to map out a "path" to achieve net zero without taxation. "I am not going to tax our industries off the planet," he said. "We are going to meet our ambitions with the smartest minds, the best technology and the animal spirits of capitalism." Prime Minister Scott Morrison attends a walk through with Angus Taylor MP, Minister for Energy and Emissions Reduction at BlueScope Steel in Port Kembla. Picture: NCA NewsWire / Simon Bullard.