Prime Minister Scott Morrison has vowed to protect industry from “punishing” climate change taxes as the government sets a tentative net-zero target of 2050. Just days away from a global climate summit, to be chaired by U.S. President Joe Biden, Morrison said Australia would chart its “own course” on how to transition to renewable energy, noting that the key was to change the energy mix over the next 30 years. “The key to meeting our climate change ambitions is commercialisation of low emissions technology,” Morrison told a Business Council of Australia dinner on Monday. “We are not going to meet our climate change targets through punishing taxes. I am not going to tax our industries off the planet.” “It will be achieved by the pioneering entrepreneurialism and innovation of Australia’s industrial workhorses, farmers and scientists,” he added. “We’re not going to achieve net zero in the cafes, dinner parties and …
I Will Not Tax Our Industries ‘Off the Planet’ for Net Zero: Australian PM
April 19, 2021
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AustraliaBusinesscarbon taxclimate changeEconomiesInternationalnet zeroPrime Minister Scott MorrisonWorld
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