Bloomberg: Australia proposed to curb climate change with capitalism rather than government controls, Bloomberg reports.
According to Morrison, attempts by governments to contain climate change through bans, regulations and taxes increase the cost of living for citizens and negatively impact the business environment. As one of the world's largest coal suppliers, Australia does not set a clear timetable for phasing out fossil fuels.
Instead, the country is prioritizing pollution compensation projects. For example, a new fund of $ 737 million is intended to invest in emission reduction technologies such as carbon capture and storage.
“Our path will be very different from that of the relatively small, densely populated developed countries of the North Atlantic. whose economy is focused on the service sector, “Morrison said and added that according to his plan, Australians will not have to change their lifestyles to help the country achieve zero carbon dioxide emissions.
Previously, Russian President Vladimir Putin called capitalism in the existing form, an exhausted model of the social system. In his opinion, moderate conservatism should be considered the most reasonable principle of worldview in the coming period of reorganization in the world.