New climate law passed in Australia

Sep. 9, 2022

Australia — In Australia, the House of Representatives and the Senate have voted in favor of a new climate law. According to the bill, greenhouse gas emissions are to be reduced by almost half by 2030 compared to 2005. The goal of zero emissions is to be achieved by 2050. In general, the passage of the bill was welcomed by business associations. The Australian Chamber of Commerce and Industry emphasized that the law would provide planning certainty in several respects and that the net-zero emissions target was necessary for a sustainable future.

Source: Australian Chamber of Commerce and Industry

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