Australia politics live: Labor woos Greens and Coalition on nature laws in final week of 2025 parliament

Government hopes concessions will entice enough senators to pass the long-awaited laws. Follow today’s news live

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“Abandoning net zero is economic insanity” Chalmers claims

The Coalition’s plans to dump net zero would “decimate investor confidence” in Australia for clean energy projects, treasurer Jim Chalmers claims, warning about risks to investment in critical minerals projects.

What the Coalition is proposing would decimate investor confidence around Australia and risk billions of dollars of investment.

Abandoning net zero would swing a wrecking ball through the energy market, through investor certainty and put billions of dollars of critical minerals projects at risk.

Abandoning net zero is economic insanity that would mean less investment, higher energy prices and fewer jobs.

The Coalition want more changes to support business. The Greens want more changes made to support the environment. You will remember what I’ve always said through this process is that we need to have a balanced package that delivers wins for both the environment and for business. It’s not one or the other … I suspect that we’ll end up going with whichever of those two parties is more prepared to come closer to the package that we’ve already passed through the House of Representatives.

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Source: www.theguardian.com

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