An effective, sustainable response to climate change is ultimately about moving from our current high-emission global economy, of which Australia is part, to a low-emission global economy.

This is a complex transition, and a prosperous Australian economy will be essential to dealing with this economic transition.

We believe the most effective system to reduce emissions is one primarily based on a market solution, such as an emissions trading system. Market structures provide the basis for the identification of least-cost solutions and build in the incentives to innovate.

We also argue that, because of the scale of the required economic transition, a multifaceted approach in Australia is essential.

This multifaceted approach should include the emissions trading system, and other supporting policies, investments and initiatives to ensure the research and development necessary to identify technology solutions, including low-emissions technologies, improve energy efficiency, and build Australia’s adaptation capabilities.

The BCA remains committed to working with all parties to ensure workable policies are put in place that assist Australia to transition to a low-emissions economy.

Download BCA publications on emissions reduction below.

BCA Secretariat contact: Maria Tarrant, Deputy Chief Executive