WORLD

Australia should not be ‘disadvantaged by the shift’ to net zero emissions

Treasurer Josh Frydenberg is to give a speech on the importance of Australia committing to net zero emissions by 2050 today but says “no decision has been taken” by the government. 

“We’re working the issues internally led by Angus Taylor, the responsible minister, and we’ve made progress and we’ve obviously taken a number of steps to invest in renewable energy,” he told Sky News Australia. 

Mr Frydenberg said his speech today, which would be presented to the Australian Industry Group, will focus on “what is happening in financial markets”. 

“Whether it’s the industrial revolution to the digital age, financial markets have been impacted by significant structural and systemic change and climate change is no different,” he said.

“It does impact upon Australia because investors are reassessing risk, what they consider to be good value, and Australia very much depends on international investments.”

Mr Frydenberg said he wanted to ensure Australia is not “disadvantaged by this shift” and make it so Australia was advantaging from it via investing in renewable energy.

Treasurer Josh Frydenberg is to give a speech on the importance of Australia committing to net zero emissions by 2050 today but says “no decision has been taken” by the government.

“We’re working the issues internally led by Angus Taylor, the responsible minister, and we’ve made progress and we’ve obviously taken a number of steps to invest in renewable energy,” he told Sky News Australia.

Mr Frydenberg said his speech today, which would be presented to the Australian Industry Group, will focus on “what is happening in financial markets”.

“Whether it’s the industrial revolution to the digital age, financial markets have been impacted by significant structural and systemic change and climate change is no different,” he said.

“It does impact upon Australia because investors are reassessing risk, what they consider to be good value, and Australia very much depends on international investments.”

Mr Frydenberg said he wanted to ensure Australia is not “disadvantaged by this shift” and make it so Australia was advantaging from it via investing in renewable energy.
Treasurer Josh Frydenberg is to give a speech on the importance of Australia committing to net zero emissions by 2050 today but says “no decision has been taken” by the government.

“We’re working the issues internally led by Angus Taylor, the responsible minister, and we’ve made progress and we’ve obviously taken a number of steps to invest in renewable energy,” he told Sky News Australia.

Mr Frydenberg said his speech today, which would be presented to the Australian Industry Group, will focus on “what is happening in financial markets”.

“Whether it’s the industrial revolution to the digital age, financial markets have been impacted by significant structural and systemic change and climate change is no different,” he said.

“It does impact upon Australia because investors are reassessing risk, what they consider to be good value, and Australia very much depends on international investments.”

Mr Frydenberg said he wanted to ensure Australia is not “disadvantaged by this shift” and make it so Australia was advantaging from it via investing in renewable energy.

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