Treasurer Josh Frydenberg will push for Australia to adopt a net zero commitment, urging banks, insurers, and super funds to assist traditional industries like mining and agriculture in the transition, to ensure the nation is not left behind.
WASHINGTON, Sept 24 Australia must brace for higher borrowing costs if the country fails to match other developed nations in efforts to cut carbon emissions to net zero by 2050, Treasurer Josh Frydenberg will say on Friday. “Australia has a lot at stake. We cannot run the risk that markets.
Australia must match developed nations and commit to cutting carbon emissions to net zero by 2050, or face higher borrowing costs, its treasurer said on Friday, as pressure builds on the government to firm up climate policies ahead of a key summit.
Australian businesses should chase net zero emissions by 2050 or risk losing billions in foreign investment, Treasurer Josh Frydenberg will tell industry leaders Friday, in a speech unlikely to contain any new climate commitments from the government itself.
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