Business gives up on Coalition, turns to Labor and states on energy, climate | RenewEconomy

But here we are, and an advisor to one of the most prominent business lobby groups admitted to RenewEconomy late last week the unthinkable: “There is no longer any point engaging with the Coalition on climate and energy policy. ”

Instead, the business lobby now turns to the states, and to federal Labor, which proposes a 45 per cent cut in emissions by 2030, and a 50 per cent renewable energy target. Individual states, like Queensland and Victoria, have similar targets.

Business now understands what the Coalition refuses to admit – that the way to achieve a durable lowering of prices is by embracing renewable energy rather than fighting it, or, more absurdly, trying to engineer the construction of a new coal-fired generator.

Source: Business gives up on Coalition, turns to Labor and states on energy, climate | RenewEconomy