The gap between Australia and the EU and US is growing ever-wider. This Covid-19 recovery budget was therefore an opportunity for prime minister Scott Morrison to start to deliver on his oft-stated “preference” to reach net zero emissions by 2050 – a mantra repeated by Frydenberg. Biden’s infrastructure bill currently before Congress, reports say, could see spending on climate and energy and green infrastructure of upwards of US$2-3tn. Like the US, the EU takes climate change extremely seriously; it always has – and it’s paying off. This budget therefore represents a massive missed opportunity for Australia.

Source: The Guardian May 13, 2021 04:02 UTC