Cecilia Malmström warned climate change is an urgent global crisis and Australia, as a big economy and big emitter, needs to do more
— Read on amp.theguardian.com/environment/2021/aug/25/australia-is-more-and-more-isolated-on-climate-says-former-eu-trade-commissioner

The goal is to prevent “carbon leakage” – or the movement of emissions-intensive industry – to countries with less ambitious climate policies. The policy also aims to encourage producers globally to reduce their emissions and for countries to adopt greener policies.