Australia needs $530bn capital to meet 70% climate goal, Business Council claims ahead of new 2035 target

Modelling commissioned by lobby group comes as Climate Change Authority due to advise on new target – but does not factor in cost of inactionSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereThe Albanese government would need up to $530bn worth of capital investment and a potential curbing of coal and gas exports to achieve a 2035 emissions target of 70% or more, according to new modelling commissioned by the Business Council of Australia.The Climate Change Authority – the commonwealth’s advisory body on emissions targets – is due to hand the government its recommendation on a 2035 target within days.Sign up to get climate and environment editor Adam Morton’s Clear Air column as a free newsletter Continue reading...

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