Aug 25, 2026 – 12.01amAustralian manufacturing and resources companies would face a fivefold increase in a key cost of complying with Labor’s flagship emissions reduction policy if the government aligned it with the Paris climate agreement’s most ambitious target for global temperatures.The analysis by Reputex, the climate modelling firm that designed the scheme for Labor in 2022, comes as the government juggles demands from business groups to rule out major changes to the policy and environmental campaigners lobbying for harder and faster emissions cuts.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Paris climate target requires fivefold carbon price increase
Keeping global temperature rises below 1.5 degrees would mean steep increases in the cost of offsetting emissions for mining and resources companies.
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