Australian Regulators and Companies Falling Behind in Net Zero Transition: KPMG

Global consultant giant KPMG has warned that Australian supply chains and regulators are falling behind in the race against net zero emissions. This comes as KPMG has released a new report measuring the progress of major economies around the world in reducing greenhouse gas emissions and their ability to achieve net zero by 2050. The report (pdf) ranked Australia 17th out of 32 countries in terms of readiness to achieve the 2050 net zero emission target. Barry Sterland, the energy transition leader at KMPG Australia, said while Australia had made a “quantum leap” in legislation changes to introduce net zero targets since the Albanese government came into power, the current speed of change was not enough to meet those targets....