Business Council shifts climate position to back 50% emissions cut by 2030

Big business says accelerating emissions cuts would leave Australians better off by an average of $5,000 per person each year by 2050

Big business has thrown its weight behind a 50% emissions reduction by 2030 to avoid a costly and damaging" game of climate catch-up.

The Business Council of Australia believes a cut of between 46% and 50% on 2005 levels within the decade is pragmatic, ambitious and will drive investment.