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The Guardian - AU
The Guardian - AU
Environment
Peter Hannam

Many Australian businesses will scale back climate action when economy slows, survey finds

A wind farm in the South Burnett district of Queensland
Australia’s greater reliance on fossil fuels than some other nations meant decarbonisation ‘is much harder for us’, the head of Deloitte Access Economics said. Photograph: Russell Freeman/AAP

Australian businesses are more likely to wind back efforts to cut carbon emissions when the economy slows than their global counterparts, a survey of 700 firms in 14 nations has found.

However, Deloitte’s gauge of private companies with annual turnover of between $US250m-$US10bn ($A366m-$A14.6bn) also found about two-thirds of the 50 Australian executives surveyed supported new regulations and a crackdown on so-called greenwashing, both higher than the global average.

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