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Josh Frydenberg to make case for net zero, saying Australia can’t risk being seen as a climate change pariah

Treasurer links stability of domestic financial system to how Australia’s position on is viewed

will make the economic case for Australia adopting a commitment, warning the country has a lot to lose if others believe “we are not transitioning in line with the rest of the world”.

The federal treasurer will tell business leaders on Friday the Morrison government cannot run the risk of financial markets “falsely” assuming Australia is a climate change pariah because that would increase the cost of capital and undermine financial system stability.

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