Australia passes landmark climate change bill
Australia yesterday passed its first major climate change bill in over a decade, codifying emissions targets and enshrining into its law for the first time a goal to reach net zero by 2050. The legislation, a key election promise of Australia's new centre-left Labor government, aims to slash emissions in the carbon-intensive economy by 43 percent from 2005 levels. While the new targets are more ambitious than the previous government's planned 26-28 percent cut by 2030, the legislation has been criticised by some for not doing enough and for failing to ban new coal and gas projects.
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