• Labor leader sets 45% carbon-emission reduction target by 2030
  • Government's goal is cut of 26% to 28% in the same period

Australian Prime Minister Malcolm Turnbull has dismissed opposition leader Bill Shorten’s 45 percent emission-reduction target as “heroic” but unaffordable, Sky News reported Sunday on its website.

Shorten said Nov. 27 that the Labor party would aim for the reduction in carbon emission levels by 2030, compared with a 26 percent to 28 percent target set by the government in the same period.

“Such analysis as exists would suggest that the cost of meeting such very high cuts in emissions are way out of line with other comparable countries,” Sky News cited Turnbull as saying in Malta, where he is attending the Commonwealth leaders’ meeting. “So it’s a heroic offer that he’s made but the costs would be very considerable.”

Before it's here, it's on the Bloomberg Terminal. LEARN MORE