Climate crisis: business leaders say cost to taxpayers will spiral unless new policies introduced

Organisations such as Australian Industry Group and National Farmers' Federation letter says greater private-sector action neededIndustry, farming and investor groups say the federal government signed up to a goal of global net zero emissions under the Paris agreement and have warned unless new policies are introduced taxpayer spending on climate programs will need to be dramatically increased.A joint letter by 10 business organisations, including the Australian Industry Group and the National Farmers' Federation, says the government will either need to back new climate policies that drive private-sector action or boost taxpayer funding now and into the future. Continue reading...