New Delhi, November 12: Action on climate change can trigger job opportunities and enhance economic potential of countries, as the cost of “inaction” is enormous, Australian Prime Minister Kevin Rudd said today.
“In Australia’s case, we are among the hottest and driest continents on earth and the impact therefore on our economy and on our people due to long-term of inaction is huge and so too is it worldwide,” Rudd said at a function organised by FICCI here.
“So let me flip to the other side of the equation – the economic potential which lies through only action on climate change,” he said pitching for investment in renewable energy sector, specifically wind energy.
In this regard, Rudd referred to Renewable Energy Target Bill passed by his government to quadruple the renewable energy target set by the previous government in 2001 to 20 per cent by 2020.
–PTI