Australia treasurer warns of financial risks if net zero not adopted | Malay Mail

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WASHINGTON, Sept 24 — Australia must brace for higher borrowing costs if the country fails to match other developed nations in efforts to cut carbon emissions to net zero by 2050, Treasurer Josh Frydenberg will say on Friday. “Australia has a lot at stake. We cannot run the risk that markets...

WASHINGTON, Sept 24 — Australia must brace for higher borrowing costs if the country fails to match other developed nations in efforts to cut carbon emissions to net zero by 2050, Treasurer Josh Frydenberg will say on Friday.

Australia, the highest per capita carbon emitter among the world’s richest nations, has resisted international pressure to commit to a net zero carbon target for 2050.

 

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