Environment Minister Sussan Ley announced today that Australia was joining international climate adaptation efforts.
The Minister also revealed Australia would commit to the Coalition for Climate Resilient Investment, which encourages investment decisions to factor in climate risks.
Australia has pledged to lower carbon emissions by 26 per cent, based on 2005 levels, by 2030.
But it has still not made a formal commitment to achieve new zero emissions by 2050, nor has it offered targets between 2030 and 2050.
Mr Morrison told the Business Council of Australia AGM in November 2020: “Looking beyond 2030 we want to reach net zero emissions as quickly as possible and to achieve this through technology, not higher taxes either directly through government sanctioned electricity prices or as a result of a carbon tax.”
In a call with Mr Morrison in October, UK Prime Minister Boris Johnson emphasised the need for “bold action” to address climate change.
Here is the link: www.theguardian.com/australia-news/2021/jan/25/coalition-signs-australia-up-to-agreements-to-price-in-climate-risk?CMP=share_btn_link
