Finance Minister Simon Birmingham says it’s important Australia recognises the global trends that are happening towards net zero.
“Particularly in relation to our major investment partners and our major trading partners,” Mr Birmingham told Sky News Australia.
“We can see that the trends in global investment are putting an increasing value on low emissions pathways.
“That means that a country like Australia which has historically relied on securing significant foreign investment to enable our nation – which is only about the 53rd most populous nation in the world – to be the 13th largest economy.
“And that’s what gives us such a high standard of living. We need to make sure we continue to attract that foreign investment.”