Investment and growth stifled under new climate safeguards

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The gas industry is warning Australia’s smooth path to net zero is now under threat due to the Albanese government’s landmark climate deal with the Greens over safeguard mechanisms.

The industry-wide hard cap on some of Australia’s biggest polluters could stifle investment and growth, according to the Coalition, with around half of the 116 Australian coal and gas projects in the pipeline set to be deemed financially unviable once the safeguards become law.

With coal and gas deemed crucial parts of the energy transition in Australia, the gas industry is saying the safeguards’ tough new hurdles might be too high to climb.

 

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Albo and his rejects are just creating problems for a proper govt to fix in the future

'The industry-wide hard cap on some of Australia’s biggest polluters could stifle investment and growth, according to the Coalition...' No... its profits. Most Coalition MP's have investments in this, just like Rupert. Some think a 'constituent' is the mineral's council.

Our forests and oceans already have us at net zero

Hairdresser says we need haircuts.

They would say that,wouldn't they

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