Treasury modelling shows pursuit of a 65% cut in emissions will mean a boom in the export of green energy commoditiesGet our
Treasury modelling shows pursuit of a 65% cut in emissions will mean a boom in the export of green energy commodities
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Australia’s production of fossil fuels and the export value of coal and LNG are both predicted to plummet this decade, while at the same time the country reshapes its economy to reach net zero, according to Treasury modelling.
The annual value of fossil fuel exports is predicted to fall by $50bn by 2035 if Australia sticks with its current policies and reaches emissions reduction cuts of 65% – an amount in the bottom half of the target range announced this week.
Continue reading...Source: Guardian - World News
