Big business is backing the Labor party’s climate policy to cut greenhouse emissions 43 per cent by 2030, setting the scene for a bitter election battle between the major parties over the economic costs and opportunities of climate change.
The Coalition established the Safeguard Mechanism in 2016 to set limits on the 215 biggest industrial polluters that cumulatively generate 28 per cent of national emissions, or 140 million tonnes of greenhouse gases in the past 12 months. “We welcome the use of the existing Safeguard Mechanism and the Climate Change Authority to set emission budgets,” she said.
Peak fossil fuel groups issued muted reactions to Labor’s plan, with the Minerals Council and the Australian Petroleum Production and Exploration Association both pointing out their commitments to net zero to 2050 and welcoming the opportunity to consult over the design of new Safeguard rules.
Twiggy and Linfox
Would you trust Dumb and Dumber?
Albo’s new specs make him look very distinguished. - dare I say,he looks Prime Ministerial