Business urges Coalition rethink on climate, Labor wins Greens support

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Long-frustrated business groups have called on the Coalition to rethink its opposition to legislating Labor’s climate targets to ensure the policy will survive a change of government and guarantee investment certainty.

after winning a number of small concessions but surrendering on his key demand that the government veto all new coal and gas projects.

These agencies are Export Finance Australia, Northern Australia Infrastructure Fund and Infrastructure Australia. Mr Bandt said this would hamper their ability to bankroll fossil fuel projects.He vowed to keep up the fight against new coal and gas developments by pushing to insert a climate trigger in the Environment Protection and Biodiversity Conservation Act, which the government will reform this term.“None,” he said when asked what commitment he had given the Greens on the EPBC.

Mr Albanese said the legislation was “as important a piece of legislation as will come before this parliament” and he, too, called on the opposition to end the climate wars and get on board.“This is an opportunity to end the climate wars, if the Coalition decide to break with their rhetoric and actually come to the table and listen to the business community who are saying that what we need is investment certainty,” he said.

 

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