Long accused of being a laggard on climate action, Australia in September passed its first binding emissions reductions target, enshrining into law a 43% cut from 2005 levels by 2030 and net zero by 2050. But the bill has already been criticized for its lack of teeth, and how effective it will be at moving the country — one of the world’s largest exporters of coal — away from fossil fuels. “It’s historic in Australia, just to actually legislate the target,” says David Pocock, a first-time senator elected on a climate mandate, on the latest episode of Bloomberg Green’s Zero podcast. “But this is nothing to sit around patting ourselves on the back about, and even the business community here in Australia has been pushing” for higher ambition on climate. The legislation was passed by Prime Minister Anthony Albanese and his Labor government, which rose to power in federal […]