Australia needs $530bn capital to meet 70% climate goal, Business Council claims ahead of new 2035 target
Modelling commissioned by lobby group comes as Climate Change Authority due to advise on new target – but does not factor in cost of inactionSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereThe Albanese government would need up to $530bn worth of capital...
<p>Modelling commissioned by lobby group comes as Climate Change Authority due to advise on new target – but does not factor in cost of inaction</p><ul><li><p><a href="https://www.theguardian.com/environment/2025/mar/10/sign-up-for-the-clear-air-australia-environment-newsletter-with-adam-morton?CMP=cvau_sfl">Sign up for climate and environment editor Adam Morton’s free Clear Air newsletter here</a></p></li></ul><p>The Albanese government would need up to $530bn worth of capital investment and a potential curbing of coal and gas exports to achieve a 2035 emissions target of 70% or more, according to new modelling commissioned by the Business Council of Australia.</p><p>The Climate Change Authority – the commonwealth’s advisory body on emissions targets – is due to hand the government its recommendation on a 2035 target within days.</p><p><strong><a href="https://www.theguardian.com/environment/2025/mar/10/sign-up-for-the-clear-air-australia-environment-newsletter-with-adam-morton?CMP=copyembed">Sign up to get climate and environment editor Adam Morton’s Clear Air column as a free newsletter</a></strong></p> <a href="https://www.theguardian.com/australia-news/2025/sep/04/australia-needs-530bn-capital-to-meet-70-climate-goal-business-council-claims-ahead-of-new-2035-target">Continue reading...</a>
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