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ASX down, energy price plan and 5 other things to start your day

A composite image of Treasurer Jim Chalmers and the ASX board showing company price changes.
The ASX is expected to drop today and the Treasurer gears up to come up with an energy price relief plan. (Source: Getty)

ASX: The local share market is expected to sink lower again today after US stocks ended another session in the red overnight.

Bill shock: Treasurer Jim Chalmers has kept Aussies in the dark over any energy price relief as he gears up for a national cabinet meeting on Friday.

Chalmers said the Government was considering all options to help Aussies with soaring energy bills but said any payments would need to be “responsible”.

GDP: The Australian Bureau of Statistics (ABS) will today release Australia’s economic report card in the form of gross domestic product figures.

And while consumers may be feeling the pain, growth in the economy is expected to remain robust as interest rate hikes are yet to slow down momentum.

Electric vehicles: Almost half of all new cars sold in Australia will be electric vehicles by 2030, according to a new analysis by the Climateworks Centre.

But the think tank warned the target would fall short of limiting climate change to 2 degrees Celsius and would need to be significantly higher to limit temperature rises to 1.5C.

Green trucks: Speaking of electric vehicles, Australians could see their parcels delivered more quietly and with less environmental impact following a $20.1 million investment in building the country's largest fleet of electric trucks.

The project would see 60 electric trucks rolled out in Sydney's west, in a move experts said could help to cut a "tremendous amount of emissions" from transport in Australia.

Biodiversity council: Experts from a range of Australia's universities have joined forces with philanthropists to start up a new think-tank to advise on biodiversity issues.

The Biodiversity Council will inform on things like the economic cost of biodiversity loss, conservation to enhance climate adaptation and opportunities to improve Indigenous outcomes through work on country and caring for biodiversity and nature.

Travelling to Indonesia? Well, if you were thinking about going with a romantic partner who you aren’t married to, you might want to rethink the trip.

Indonesia's parliament approved a criminal code that bans sex outside marriage, with a punishment of up to one year in jail. The new laws come into effect in around three years and will affect both citizens and travellers.

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