Australian Industry Group urges Coalition to spend 'at least' $3.3bn on renewable energy over coming decade

Peak employer body warns Australia faces costly increase in climate-related impacts and risks' even in best-case scenario

The Morrison government should spend $3.3bn over 10 years on renewable energy and $500m over two years on capital grants to improve energy efficiency and management, according to the Australian Industry Group.

The peak employer body made the calls in its pre-budget submission, released on Monday, which also proposes it bring forward income tax cuts, cut business tax, extend the coronavirus supplement on jobseeker and make a further round of $750 payments to households.