Business and farming groups say 2030 emissions target ‘critical for investments’ after Dutton ditches policy

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Groups that often support Coalition – including Australian Industry Group and National Farmers’ Federation – call for ‘credible and consistent framework’

On Thursday 18 organisations – including some closely aligned with the Coalition’s core constituencies – issued a joint statement saying investors required a “certain, credible and consistent policy framework”.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup They all said governments, regulators and stakeholders must all commit to “a credible and consistent energy framework” in order to “attract finance at the lowest cost of capital and enable all our sectors to efficiently plan, resource and deliver just and timely transition to net zero emissions”.

“Thermal power stations are retiring soon and power demand will grow with the electrification of more industries, cars and buildings.” They include the Australian Aluminium Council, Cement Industry Federation and the Australian Steel Institute.

 

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