Australian Regulators and Companies Falling Behind in Net Zero Transition: KPMG

KPMG expert said Labor’s significant growth in ambition toward net zero had caused supply chains and regulators to be unable to keep up with the requirements.

Solar panels can be seen on a roof top in Albany, Western Australia, on Aug. 13. 2023. Susan Mortimer/The Epoch Times

Global consultant giant KPMG has warned that Australian supply chains and regulators are falling behind in the race against net zero emissions.

This comes as KPMG has released a new report measuring the progress of major economies around the world in reducing greenhouse gas emissions and their ability to achieve net zero by 2050.