BCA member criticises climate modelling commissioned by lobby group that ‘underplays’ economic opportunities and does not factor in cost of inaction
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A fight over climate policy has broken out within a major Australian business lobby, with mining billionaire Andrew Forrest’s Fortescue sharply criticising the Business Council of Australia over its modelling of the costs of making emissions cuts.
A report released by the business council on Friday claimed Australia would need up to $530bn in capital investment and to potentially curb coal and gas exports to achieve a 2035 emissions target of 70% or more.
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