Australian Prime Minister Scott Morrison refused to commit to phasing out fossil fuels as a major climate conference approaches, while his deputy doubled down on opposing targets for net zero emissions of greenhouse gases. | Fin24
that Australia must brace for much higher borrowing costs if it fails to commit to a net zero target by 2050, as many peers have done.
He told broadcaster SBS in an interview that aired on Saturday night that he was not prepared to pull back any fossil fuel industries immediately. Morrison, who has a largely undefined slogan of"technology not taxes", was part of a government that torpedoed a carbon pricing scheme after winning the 2013 election while opposing the mechanism as a tax.
"We look at it through the eyes of making sure there is not an unreasonable, or any loss of... regional jobs," Joyce, whose National party represents largely rural voters, told the Australian Broadcasting Corporation.
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