"It not only provides new employment and R&D opportunities for the ICT sector, but also provides opportunity for many companies to reduce their carbon emissions and create environmentally friendly information technologies," Parakala said.

"We look forward to the execution of the Garnaut Review to ensure that there is an effective outcome, because reviewing what is needed is only the first step - execution is definitely more important. We look forward to seeing how the government will focus on execution and how the results will then flow on from where we are to where we need to be."