A new law to establish a net zero authority in Australia has passed the Senate with the support of Labor and the Greens. The Coalition, however, opposed the bill.
The Net Zero Economy Authority Bill 2024 establishes a new government entity to oversee the transition to a net zero economy in Australia.
Labor and Greens teamed up with Senators Jacqui Lambie, David Van, and David Pocock to pass the legislation (pdf) on Aug. 22.
Under the legislation, the new authority will have the “mandate, functions, and powers” to ensure that “Australia’s transition to net zero emissions is orderly and positive.”
The government entity is predicted to cost $57.5 million in the 2025 financial year, followed by $54.1 million in 2026, and $52 million in 2027....
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