Australia asleep at the wheel as the next great arms race begins

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The political tide is turning and the economic implications of climate change for all types of businesses will be here much sooner than any of us predicted.

Climate change is not just affecting the global energy system, it is restructuring the global economy, reshaping geopolitics which in turn is starting to significantly influence foreign policy decisions.

A new superpower race has begun in which first world economies compete to get to net zero first. Those who aren’t fast enough will be left behind.

Since US President Biden’s Climate Summit last month, renewed pressure is on countries to reduce greenhouse gas emissions targets further. Coupled with the rapid commercialisation of sustainable technologies, the green transition is speeding up. A new superpower race has begun in which first world economies compete to get to net zero first. Those who aren’t fast enough will be left behind.

COVID-19 has accelerated this…

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