But climate change and energy minister says government will not announce its 2035 emissions target before election
Chris Bowen announced a $2bn federal funding top-up for the Clean Energy Finance Corporation, the national green bank, on Thursday.Chris Bowen announced a $2bn federal funding top-up for the Clean Energy Finance Corporation, the national green bank, on Thursday.Bowen made the comments as the opposition leader, Peter Dutton, all but ruled out withdrawing from Paris if he won the federal election in 2025, suggesting such a move would damage trading relationships and cost jobs.
The minister insisted Labor would not adjust the pace or ambition of Australia’s green energy transition in light of Trump’s policies, as“We’ve always based our policies on Australia’s best interests, Australia’s economy, Australia’s circumstances, and they haven’t changed,” he said. As the Paris agreement requires countries to progressively raise their ambitions at five-year intervals, Australia will be breaching its commitments if it does not set a new target.In a 2GB interview earlier on Thursday, Dutton all but confirmed a future Coalition government would not follow Trump’s lead and pull Australia out of the Paris agreement, as he faced a string of questions about whether it was in the country’s interests to remain in the deal.“We’re an export nation,” he said.
“We’ve signed up to an international agreement, which I think will have continuing relevance for countries in Europe.
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