Business Council calls for 46-50% emissions reduction by 2030 on path to net zero

The Business Council of Australia has called for a doubling of Australia’s efforts to slash carbon pollution over the next decade and unveiled a detailed plan to hit net zero emissions by mid-century while boosting the economy by $890 billion.

Business Council chief executive Jennifer Westacott – who before the last election labelled federal Labor’s policy of a 45 per cent cut as “economy wrecking” – now says Australia’s biggest trading partners were already making the transition and Australian businesses were acting, as were global capital markets.

The business-led push will coincide with a new campaign from media giant News Corp Australia, which is expected to bring its campaign endorsing net zero forward to next week. But environmental groups and progressive think-tank The Australian Institute argue any government commitment would be meaningless without urgently phasing out fossil fuels and 2050 is too late to hit net zero.

Australia’s major trading partners are reorientating their economies and shifting demand away from carbon-intensive imports. So far 14 of Australia’s largest 20 trading partners, including the US, Britain, Japan and South Korea, have committed to net zero, covering more than 70 per cent of the nation’s two-way trade and 83 per cent of its exports. The South Korean government on Friday announced it would lift its 2030 emissions reduction target from 26 per cent to 40 per cent.

Ms Westacott said formally committing to a net zero by 2050 target would also give certainty to industry to invest and urged the government to introduce 10-year carbon budgets with five-year reviews to provide predictability and a clear pathway to net zero.

BCAcomau The BCA can expect an awkward call from Scotty and Rupert 😂

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Business Council of Australia backs 2030 climate targetThe Business Council of Australia has thrown its weight behind an emissions reduction of between 46 and 50 per cent by 2030. simply more LNPTheatre🎭 Hahaha. My have times changed this is what they said when the then opposition had a target of 45% . If 45% is economy wrecking then surely 46-50 will be apocalyptic 🤷‍♂️👇🏾 BCA running to fast to catch the train.
Source: SBSNews - 🏆 3. / 89 Read more »

Business Council of Australia reverses position, calling for ambitious short-term carbon emissions reduction targetA new report by the Business Council of Australia predicts an $890 billion boost to economic activity and the creation of 195,000 jobs over the next five decades as a result of dramatically cutting carbon emissions. For the time being _ with an election looming one has to ask !!! Bring out the Panama Papers Business community is urging the government to adopt a far more ambitious short-term carbon emissions. The business and consumers are leading the way, with the government dragging its feet. So much for leadership.
Source: abcnews - 🏆 5. / 83 Read more »

Business leaders pressuring PM to commit to net zero emissions targetThis doesn't make a lot of sense ... Why would'business leaders' like reasonable energy prices ... See Europe Don't worry. Doubtless ScottyFromMarketing has a pointless Announceable all lined up for an uncritical mainstream media to accept hook, line and sinker.
Source: SkyNewsAust - 🏆 7. / 78 Read more »