PMâs climate ambition heats up investment in Australiaâs carbon market
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An investment splurge in Australian carbon credits kicked off this week when Prime Minister Scott Morrison used his strongest language yet to declare he wants Australia to reach net zero greenhouse gases by 2050.
Carbon market analyst RepuTex said its benchmark carbon offset price index closed 3 per cent higher on Wednesday at $17.15 a tonne, a 12-month high, after Mr Morrison said âour goal is to reach net zero emissions as soon as possible, and preferably by 2050â.
Australiaâs carbon market continues to heat up as investors bet on tougher regulations under future climate policy.