Total final demand grew by 3.4 per cent over the year to June, which is about in line with past trends. That, however, has not translated to trend growth in GDP, as the high exchange rate and the high import content of some mining investment have seen an increased proportion of demand being met from imports, rather than domestic production.
Second, even companies producing identical goods can have very different emissions, depending on the production processes adopted (e.g. reliance on renewables, more advanced machinery). Companies that have adopted state-of-the-art technologies will have “incompressible” emissions in the short term, while others will have room to invest. Should the financial industry help the laggards improve or focus on the best performers?