Canberra struggles with emissions targets
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Net Zero
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Significance The report comes as Prime Minister Scott Morrison lobbies his National Party partners in the governing coalition to back a target of net zero emissions by 2050 prior to next month’s COP26 climate conference in Glasgow. Impacts Much-needed investment in the renewables sector may not materialise without a more positive government approach to the sector. Australian businesses may face trade sanctions as a result of the government’s failure to adopt binding emission targets. Public subsidies for investment in coal and gas could lead to higher power bills for consumers.
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