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Many Australian Businesses Will Scale Back Climate Action When Economy Slows Survey Finds

Many Australian businesses will scale back climate action when economy slows, survey finds

by theguardian
05 Dec 2022
in news

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Australian businesses are more likely to wind back efforts to cut carbon emissions when the economy slows than their global counterparts, a survey of 700 firms in 14 nations has found.

A 3.7% reduction in emissions from the electricity sector as renewables expanded their share was nullified by increases in pollution from the oil, gas and farming sectors, the government said last week.

Still, 42% of the Australians survey expected to accelerate their sustainability action over the coming year, or slightly above the 37% global average.

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Many Australian businesses will scale back climate action when economy slows, survey finds