Andrew Forrest says Coalition’s abandonment of 2030 emissions target would ‘decimate’ economy

Fortescue boss Andrew Forrest warns that relying on introduction of nuclear power in 15 years while opposing large-scale renewables would cripple investment certainty. Photograph: Sean Gallup/Getty Images

The mining magnate Andrew Forrest has warned that the federal Coalition’s proposed abandonment of the 2030 emissions reduction target would hit Australian exports with penalty carbon taxes.

On Tuesday the Fortescue boss warned that relying on the introduction of nuclear power in at least 15 years’ time while opposing large-scale renewables and abandoning interim targets would cripple investment certainty.