Climate in Focus: Impact on boards

by

Ed.

From www.aicd.com.au: Australia’s federal election has given a strong mandate for climate policy under the Albanese government, with established 2030 and 2050 emissions targets fostering a focus on long-term climate strategies.

The government plans to continue initiatives like the Safeguard Mechanism and aims for an 82% renewable share in the National Electricity Market by 2030, while also committing $262 million to biodiversity conservation.

Upcoming challenges include delivering on climate reforms, addressing stalled environmental laws, and preparing for Australia’s bid to host COP31 next year, which heightens expectations for credible domestic and international climate leadership.

Filed under: Business ESG