China’s premier will conclude his visit after apparent targeting of journalist; Reserve Bank tipped to keep cost of borrowing at 4.35%. Follow today’s news headlines liveGet our morning and afternoon news emails, free app or daily news podcastMining magnate Andrew “Twiggy” Forrest has warned that the federal coalition’s proposed abandonment of a 2030 emissions reduction target to rely instead on nuclear power to reach net zero emissions by 2050 would see Australian exporters hit with penalty carbon taxes and destroy Australia’s export baseThe Fortescue boss told Radio National Breakfast that relying on the introduction of nuclear power in 15 years’ time without any firm commitment to transition away from fossil fuels through interim targets would be dire for Australia.And we would have been left behind by the rest of world by then. We’d have been hit with carbon taxes from Europe, from America - everywhere where they’re saying, ‘Well, we’re investing to go green. You didn’t. So we’re going to tax your products on the way into Europe, on the way into North America. That decimates the economic model which Australia has lived on since Federation, which is an export country. Continue reading...
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