Big business has finally worked out that virtue signalling isn’t cheap.

The Business Council of Australia (BCA) is asking Chris Bowen to think carefully before setting a vanity emissions target for 2035, warning that it could require more than half a trillion dollars of new investment and potentially cost us $150 billion a year in lost exports.

Could this be the same BCA that barely four years ago was egging the government to raise its ambitions by setting a 50 per cent reduction target for 2030?

The BCA's Achieving Net Zero report, published in October 2021, told us that the science had spoken.

The climate was changing at an unprecedented rate.

It told us that the cost of inaction was significant.

Failing to set an ambitious target could result in $30 billion in lost exports annuall

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