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Carbon Markets Institute research also finds nearly half of all businesses surveyed backed Australia becoming a net zero economy by 2040

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Almost half of business respondents back Australia becoming a net zero economy no later than 2040, while almost three in four support phasing out fossil fuels by then, according to the latest annual survey by the Carbon Markets Institute.

The poll of 301 respondents, many of them company executives or board members, also found almost two-thirds want Australia to introduce its own carbon border adjustment mechanism (Cbam) to shield industries from imports of nations that don’t impose similar curbs on carbon emissions. Europe’s own Cbam starts from 1 October.

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