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For example, two sources of finance for the WA Government withdrew their interest in funding unless a greater commitment to netzero was made. This happened and now huge opportunities for netzero urban development, regional development and industrial/mining have appeared and are driving the next WA economy.
With global trade highly dependent on shipping, achieving netzero may put wind in the sails of other industries’ climate ambitions. For the first time, the IMO has also agreed on an overarching objective to achieve netzero greenhouse gas (GHG) emissions by or around 2050.
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