Climate Changed
Australia’s Opposition Bets Big on Renewables to Win Next Election
- Opposition Labor to target 45% carbon emissions cut by 2030
- Pledges A$10 billion extra funding for clean energy projects
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Opposition leader Bill Shorten pledged A$10 billion ($7 billion) in extra funding for clean energy and steeper cuts to carbon emissions than the government, as he sought to turn tackling Australia’s climate change “disaster” into a key election issue.
In a speech at a BloombergNEF event in Sydney on Thursday, Shorten announced initiatives to boost the use of alternative energy and help meet the Labor party’s goal for 50 percent of the country’s power to come from renewables by 2030.