Australian Prime Minister Scott Morrison has announced a plan to reach net-zero emissions by 2050, ahead of the 2021 United Nations (U.N.) Climate Change Conference (COP26) in Glasgow, Scotland. Morrison has also assured regional Australia would not take the brunt of a new climate policy that would spell a dramatic shift in how businesses operate. Regional Australia is the backbone of Australia’s prosperity, with key sectors like mining, agricultural, and energy industries underpinning the nation’s economy. “Australians want action on climate change,” Morrison said in a media release. “But they also don’t want their electricity bills to skyrocket, the lights to go off, for their jobs to be put at risk or for the way of life in rural and regional communities to be sacrificed.” Australia’s Energy Security Board had already warned that a rapid transition to renewables demanded a complete overhaul to grid infrastructure, or the nation could face electricity price …