$530 Billion, 59,000 Workers Needed for 2035 Climate Goals: BCA Report

Report also warns that outdated approvals, weak investment settings, and workforce shortages could derail Australia’s 2035 emissions targets.

A wind turbine in Albany, Western Australia, on Feb. 18, 2024. Susan Mortimer/The Epoch Times

The Business Council of Australia (BCA) has warned that Australia’s next climate milestone will demand unprecedented investment, faster approvals, and urgent policy reform.

A new modelling released by the Council on Sept. 5 said the nation may need up to $530 billion (US$349 billion) in capital to hit a 70 percent cut in emissions by 2035.