Australia has a lot at stake
The federal government has given a strong indication it intends to sign up to a net zero emissions commitment, with Treasurer Josh Frydenberg making the economic case in a speech to business leaders on Friday, warning “Australia has a lot at stake”.
Mr Frydenberg said if Australia did not appear to be “transitioning in line with the rest of the world,” it would face reduced access to capital markets.
“Reduced access to these capital markets would increase borrowing costs – impacting everything from interest rates on home loans and small business loans to the financial viability of large infrastructure projects,” Mr Frydenberg said.
Credit Sky News Australia