<
https://theconversation.com/own-goal-why-the-nationals-retreat-on-net-zero-would-be-bad-economics-269180>
"Australia’s National Party has ended its commitment to reaching net zero by
2050.
In its anti-net zero plan, the party calls for emissions targets and climate
policies to be watered down. The plan draws on a new report.
This would be economically damaging. Walking away from net zero would undermine
investment confidence, raise power prices, drive up taxes, undermine green
export potential, harm Australia’s international reputation and run against our
intrinsic interest in strong global climate policy as a nation highly exposed
to climate damage.
The announcement by the Nationals shouldn’t be interpreted as the policy of a
future government, given the rural party is the junior partner in the
Coalition, the Liberal party is struggling to respond, and there’ll be more
political positioning to come. But it will have influence. The spectre of
policy reversal spooks businesses and investors."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
