Australia’s carbon report card smeared in red ink as climate action goes backwards
4 Nov 2022
A global report card has marked Australia’s climate action with swathes of red ink, saying the country has not only increased fossil fuel subsidies but gone backwards on climate-risk disclosure policies.
BloombergNEF’s Climate Policy Factbook paints a dire picture of where Australia sits as a climate actor ahead of COP27 in Egypt, and suggests a combination of a muscular new government and government bodies’ nervousness about climate risk will lead the way up.
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