-
Asia stocks rise on AI, US-China trade talks optimism
-
France's Macron, Canada's Carney announce closer ties
-
Multi-Asset Trading Venue Monochrome Exchange Announces IEO of Its Native Token, $MCR
-
AI 'warning shots' focus Beijing on national security risks
-
Data centre command hub keeps AI up and running
-
Philippine tribe in limbo over US-led tech hub
-
Leo XIV, first US pope transcends his restrained style
-
Saudi-led coalition says Houthis fired ballistic missile at Riyadh
-
France's debt climbs to highest since 1978: ministry
-
Cuba works to restore power after another blackout
-
Thousands protest inaction over climate crisis in Switzerland
-
Brigitte Bardot widower slams sale of star's belongings
-
UK actor Naomi Watts honoured at Spain film festival
-
Indonesia accepts Malaysia's help to tackle wildfires
-
Trump signs bill authorizing sweeping Russia sanctions
-
Nvidia, OpenAI CEOs to attend Xi dinner at White House
-
Anthropic picks Accenture for in-house AI safety evaluation
-
Cuba hit with seventh major blackout of the year
-
Hushing and hedging: US companies retreat on climate
-
Nigeria miners struggled to breathe in cell before 37 died: survivors
-
Crisis-wracked Volkswagen warns of 10-bn-euro hit to profits
-
Warren Buffett steps down as Berkshire Hathaway chairman
-
Shakira to cap off world tour with Madrid 12-gig run
-
Isolated Syrian-Druze city blames Damascus for shortages
-
Isolated Syrian-Druze city shortages
-
Kerry James Marshall: American 'blackness' painter celebrated in Europe
-
UNESCO can be 'moderator' in AI debate: chief to AFP
-
Infantino 'must go', says German FA vice-president
-
Russia seizes assets of Nestle, French firms
-
Japan's busiest rail station tests robot bins
-
Anthropic says AI systems moving towards building themselves
-
Backpackers fret over Australian visa crackdown
-
Asian stocks boosted by falling oil, yen weakens after BoJ rate hike
-
Bank of Japan hikes rates to 31-year high to battle inflation
-
Afghan medical students in Pakistan hope court stops college expulsions
-
AI doomsday warnings unlikely to slow IPOs but questions linger
-
Australia to detain tourists who overstay visa, minister says
-
In Brazil's Amazon, the hunt for oil fuels hopes and fears
-
Asian stocks track Wall St rally as oil prices drop
-
Baby orangutans in India expose 'frightening' scale of trafficking
-
Prized Mexican relic returns on loan, two centuries on
-
Oversight Board blasts 'inadequate' Meta safeguards for AI deepfakes
-
'In our lane': Fed's Warsh defies Trump but still fighting for credibility
-
Harry makes first public appearance since return to UK
-
Trump admin makes major cut to endangered species protections
-
Princess Diana's brother makes new explosive claims against Charles
-
GM delivers first components for US interceptor missiles
-
Trump admin overhauls key protection for endangered species
-
Travis Scott and Keith Richards feature on GTA VI soundtrack
-
Mbappe draws political fire over Ceuta t-shirt controversy
Australia's opposition ditches commitment to net zero emissions
Australia's conservative opposition said Thursday it will drop its commitment to achieving net zero emissions by 2050 if it wins power and leads a country dependent on fossil fuels but highly vulnerable to climate change.
Prime Minister Anthony Albanese's centre-left government has poured billions into solar power, wind turbines and green manufacturing and pledged to make Australia a renewable energy superpower.
It has also pledged to slash planet-warming greenhouse gas emissions by up to 70 percent from 2005 levels over the next decade and is campaigning to co-host next year's UN climate summit alongside Pacific Island neighbours -- some of the most climate-threatened nations in the world.
The opposition centre-right Liberal Party have agonised in recent weeks over whether to drop the net zero emissions pledge, introduced in 2021 by the party's former leader Scott Morrison when he was prime minister.
After days of closed-door debate with party top brass, opposition leader Sussan Ley said on Thursday that her party would drop the goal if it returned to office.
She said they remained committed to "responding to climate change in a way that is affordable, responsible and achievable".
"Net zero would be welcome" but the target would have to be achieved without government intervention, Ley added.
"Energy affordability" would instead take precedence over government action to stop climate change, she said.
The Liberals were roundly defeated in this year's federal elections by Albanese's Labor, sparking soul searching on how best to claw back power.
Ley's announcement comes just days after their conservative coalition partners, the National Party, voted to ditch their net zero by 2050 target.
The two parties will meet Sunday to determine their coalition's formal stance.
- 'Climate wars' redux -
Australia's "climate wars" -- a years-long domestic fight over emissions policy -- stalled progress and the country remains dependent on its fossil fuel economy for growth.
Albanese on Thursday slammed the opposition for "walking away from climate action".
"They're also walking away from reliable and affordable energy," he told reporters in Canberra.
But his green ambitions remain at odds with Australia's deep entanglement with lucrative fossil fuel industries.
It is the world's second-largest coal exporter, holds the third-largest coal reserves and continues to channel billions of dollars in public subsidies into fossil fuels.
And iron ore, extracted through emissions-intensive mining, remains its most valuable export.
Australia with its vast flora and fauna, is considered highly vulnerable to climate change.
A landmark climate impact report released by the government in September warned that rising oceans and flooding caused by climate change will threaten the homes and livelihoods of more than a million Australians by 2050, while deaths from heat-related illness will soar.
The country already has the highest rate of skin cancer in the world -- almost 19,000 Australians were estimated to be diagnosed with melanoma in 2024, official health data shows.
Environmentalists fear Thursday's move by the Liberals would see them walk back any meaningful progress made in recent years should they get back into office.
Amanda McKenzie, chief executive of the Climate Council NGO, said ditching net zero would allow "climate change to rip".
"It's deadly negligence that would leave Australians facing more fires, floods and heatwaves," she said in a statement.
"You can't win elections by ignoring voters who want meaningful climate action."
P.Kolisnyk--CPN