"SYDNEY - Australia passed its first major climate legislation in more than a decade with a pledge to accelerate emissions curbs, sealing the key polluter's return as a force in global action on planetary warming.
Prime Minister Anthony Albanese's Climate Change Bill, which legislates a 43 per cent cut to carbon dioxide emissions from 2005 levels by 2030, finally passed the Australian Senate on Thursday, though only after his government accepted it'll likely need to continue to show much more ambition.
Enshrining the target into law brings Australia in line with nations including Canada, South Korea and Japan, but it lags behind key allies including the US, and the UK."
Source: Bloomberg, 09/08/2022
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