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Australia’s Lack of Commitment on Greenhouse Gas Risks Investor Ire

  • Government has refused to set a net-zero emissions target
  • Nation is one of the world’s biggest per-capita polluters
Josh Frydenberg 
Josh Frydenberg Photographer: Mark Graham/Bloomberg

Australia faces economic repercussions should the rest of the world fail to see the country committing to net-zero greenhouse gas emissions, according to Treasurer Josh Frydenberg.

The nation, one of the world’s biggest fossil-fuel exporters and per-capita emitters, has faced increasing pressure from some of its closest allies to strengthen its emissions-reduction targets. Prime Minister Scott Morrison has refused to commit to a net-zero goal, instead calling zero emissions by 2050 an “ambition.”