Business leaders caution against populist election promises on climate and housing in Australia
The Business Council of Australia warns against "populist" election promises that could undermine climate goals and blame international students for housing issues. They urge politicians to focus on reforms that enhance economic growth and living standards. Business leaders, including CEOs from major companies, will meet with parliament to discuss the need for a bipartisan approach to climate targets and a national carbon market strategy. They emphasize the importance of addressing the root causes of the housing crisis. The council disputes claims of a million vacant homes, stating there are only about 136,000. They attribute the housing crisis to slow planning approvals and rising costs, rather than blaming developers or migrants.